Definitions by Max & Will (although Tom made it up)

squidwinkle 

An exclamation, like "HOLY SHIT!"
Used to alert someone of a coming misfortune.

Person 1: "Hey man! Squidwinkle!"
Person 2: "Wow, dude, thanks! I almost didn't see that car!"

squidwinkle by Max & Will (although Tom made it up) December 1, 2004