Hip, trendy. A 'swankified club' would be one that all the cool people go to, that is a lot of fun, and that is basically just a really happening place. Swankified is a word used by only a select number of people, who truly understand it's meaning. The word is generally associated with the Oz Dust Ballroom- in fact, word has it that it's the most swankified place in town.
Fiyero: So! What's the most swankified place in town?
Galinda: That would be the Oz Dust Ballroom!
Fiyero: Sounds perfect!
To be of witness to the attestation of a male or female's swagger. Most often, the person just knows that he or she has been swaggified.
Kim: Dad, I can't believe you're alive!
President Palmer: Jack, thank you again for saving the world. I will swaggify you, even though you have undoubtedly been swaggified at birth.
Jack Bauer: I know, Mr. President. I know.
Kim: Swaggified?
President Palmer: Swaggified!
Jack Bauer: Swaggified.