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Definitions by HinshinoMadokku

scodoodledandy 

Done in excellent fashion.
Doing crapulous, nonsense with a positive connotation.

Absent-minded behaviour done in the most excellent fashion.

Absent minded behaviour with lots of mojo.
Absent minded behaviour with much much too much moxie (positive man-about-town type connotation).
As an exclamation "Scodoodledandy" (substitute for a damn with a positive inflection) .
As a verb it's similar to the french word "sortir" meaning to go out or "allons-y " for we go, but with the word theres an underlying message that you're going to get pushed drunk or whatnot in the most excellent fashion.