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1.
(adj.) Awesome, sick, or awe-inspiring.

(v.) A command in order to hype people up. Usually in the form of "becoming" shweaty.
"Did you hear City Lights & Shorelines new song? It's so shweaty."

"I feel an awesome pop-punk breakdown in the works. It's time to get shweaty!"
by City Lights & Shorelines October 29, 2011
 
2.
to be sweaty and is usually applied to fat and/or russians who sweat an insane amount. often said with a lisp to enhance the word. shhww-eaty
for example. look at that shweaty russian. or alex is one shweaty kid.
by shweaty alex July 20, 2006