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1.
something or someone of extreme excitement; of much greatness

Example 1-
Dude:Shit man, last nite was awesome. That chick made me all fuckin zargo in my pants

Example 2-
Ashlee:Damn. Julie ur so zargo.
Julie:Fuck yeah i kno. Best believe nig.
by aaY October 15, 2006
 
2.
Imaginary shipment
While the postage is much less for zargo it would be insane to pay to mail an empty box
by vogla January 12, 2013