Top Definition
1.) (Adj.) When used as an adjective, this phrase holds an extremely positive connotation, and is usually used to dictate the condition of a situation or event.

2.) (Noun) When used as a noun this phrase can have either a negative or positive connotation depending on the context.
1.) (Adj.) John: YO! I just hooked up with this hot chic!

Jason: damn, yo, that's the mad wobbly wizards!

2.) (Noun) example 1: Hey nice hipster shades you fuckin' wobbly wizard

example 2: John: I just aced my exam

Jason: Ahhhh you wobbly wizard, you

-or-

John: YO, what's up you wobbly wizard you chillin tonight?
by wibbles112233 October 06, 2010

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