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1.
a word meaning something awesome , describing something else
I am the shiznuggets,
Adam Sandler is the shiznuggets.
by Brandon Broussard from La October 18, 2009
 
2.
A term used for describing shit without using the derogatory term shit, often used by people in front of their parents or on the internet
SHIZNUGGETS I CAN'T FIND THE PHOTO
by Thatguythatpostsrandomstuff December 19, 2011