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1.
a word that can be used when something is cool or awesome or makes you say "Niccceeee" Schweppy! Can also be used as a nick name for a penis.
example one: I just got a new trampoline! ...SCHWEPPY!


example two: i saw this kid's schweppy in the locker room and it was huge!
by cleverdahling February 18, 2009
 
2.
Word of Swedish heritage - Meaning cool, or interesting.
Those new shoes you've got are schweppy!
by Horecky February 18, 2009