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1.
a racist slur for black people.

Often usend on Opie & Anthony Radio program and originated from their old Program Director at WAAF in Boston (of course)
Why are all the looters in New Orleans shwoogies?

Shwoogies have large schlongs
by -p September 02, 2005
 
2.
a nigger who is jewish
get out of the oven shwoogy
by goble March 11, 2004
 
3.
of, or relating to, an agreement, usually preceded by the word "damn", and often interchangeable with the phrase "right on"
"dude cake is so good" "damn shwoogies!!!"
by Me August 04, 2004
 
4.
a loser who can only eat bark
the shwoogies are gay
by asdfjkl; August 04, 2004