What is going on/what's happening, particularly in the case of common misdemeanour's.
Can be using as a question, in the case of: "What's gwaning?" or as a greeting: "safe mate, just been gwaning down here in ma car".
Q. Alright mate just been down the boozer, what's gwaning with you guys?
R. Nout much mate, just been gwaning round at X's house with Y and Z.