Cross between a squeal (of glee) and a tingle (due to encountered hotness) and possibly involving connotations of tinkle ('cause you're so excited that you sorta pee yourself a bit). Much like "squeal" and "tingle," skwinkle can be used as either a verb or a noun.
"Indiana Jones makes me skwinkle."
by Katty Biash May 30, 2008
An action that one does when one is excited. Put your fingers to the sides of your nose and wiggle them while saying "YAY!"
If you receive a good grade on a test, you would perform "skwinkles" to express your excitement.
by Alexa April 19, 2004