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Retarded colloquialism used by people trying to be modernly 'hip' or 'cool'. It means the same thing as the older generations phrase "if I had my druthers" and is equally stupid and annoying.
Thay, Baaaay-buh! You rilly could schnizzle my nizzle anytime you like!
by Olin Hayes December 26, 2006
Means that it takes your fancy, most commonly used to refer to someone you fancy, but can be used broadly.
'OOH, that Alex could schnizzle my nizzle!'
by Lidge July 28, 2006