A loving hug, somewhere in between a glomp and a squish. The enacter of the squizzle must try to constrict breathing, but not so much as to cause internal injuries, much like those accompanied with glompage.
Aww, you're so cute. I just want to squizzle you all day long.
A mix between "rhetorical" and "retarded", usually used to describe a rhetorical question that makes no sense.
David, stop asking such retardical questions!