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1.
holy shit or look at that
Sweet sassy molassy get out the checkbook and pay grandma for the rub down!!
by Burgertime April 21, 2003
 
2.
a seemingly meaningless exclamation. An equivalent to 'Oh my God' or 'Holy crap.'
(after Howse finishes eating Wilsun's presentation)
Wilsun: SWEET SASSY MOLASSY!
by Dr. Pritty Hairs. January 17, 2007
 
3.
Particularly attractive member(s) of the opposite sex.
Wow, look at that sweet sassy molassy!

or:

The molassy at this party is sweet and sassy!
by Drakonian December 04, 2003