When a dog thinks something is awesome. He/she gives his/her seal of approval with his paw. His/her paw is his/her signature. The dog think's it's so awesome that it's Pawesome!
Or anything you are referring to a dog about. If a dog has an awesome tail, it's tail is Pawesome!
"Hey Spot, look at that Bichon Sky, isn't his hair awesome?"
No Muffy, it's PAWESOME!