This word is often associated with the word Swankity (which is the correct spelling) but the two words are essentially opposites. Swankadee is used by dumbasses who can't spell. It's litteral meaning is the opposite of cool, or worthless.
Spencer: Ya dude, that movie so was so fucking swankadee.
Josh: Stop saying that. You sound like an ass.
Josh: Stop saying that. You sound like an ass.
by ImplosiveButter May 06, 2013