Can also be used as a verb, to wahtootzie is to bug out or go crazy.
Guy 2: Nothin just chillin.
Guy 1: You know I'm wahtootzie right?
Guy 2: OH my bad man i didn't know anything I can do for you?
USED AS VERB
Guy 1: yo whats goin on man?
Guy 2: nothing i hate the movie dark knight
Guy 1: YO! You are wahtootzieing right now, thats an amazing movie.