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1.
Generally useless crap of little or no value. Similar to knick-knacks, popularized in Wierd-Al Yancovichs eBay song.
Many chotskies can be found for sale on eBay.
by Squidward Tentacles September 05, 2006
 
2.
Very similar in definition to schwag. Free stuff of inconsequential value.
There was plenty of chotsky and schwag available at the NAB conference this year.
by Tom LaPlant May 03, 2006