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1.
Derogatory slang derived from the German "schwatze", which would be slang for "schwartz". Both mean "black".
"That schvoogi went and stoll my TV."
by anotherfabrication March 21, 2007
 
2.
Derogatory slang derived from the German "schwatze" which means "chatter" & "schwarz" which means "blackish".
Das schwarzbraune (schvoogi) Mensch ist nichts Gutes. (Literally: That blackish man is up to no good.)
by Richard Blake Dawson May 04, 2010