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(adj./exclamation) Can be used similarly as swag or swiggity swag. As an adjective, it's describes something that's awesome or swagtastic. As an exclamation, it can be used to express something awesome or amazing. It is commonly used by lame white boys who either think that they're black or trying waaaayyy to hard to be cool.
(adj.) Yo, that party was so swiggity diggity

(exclamation) SWIGGITY DIGGITY!!!
by Liam McSwag June 02, 2014