Shlube is a game in which two competitors take one shoe (preferably a sandal) off, hold it in their hand, and try to disarm the shoe from the opponent.
used by Spinner on Degrassi: TNG; means big deal or thing of importance. can be used loosely, it's not how you use it.. it's just a funny word.
Spinner: (hits Craig) Are you on crack?
Craig: Ow. What was that for?
Spinner: Dude, you got a girl pregnant, and you're just walking around like lalala, gonna be a dad, no shlaboggle.
or
I gotta wear this monkey suit cause my parents are dragging me to some work shlaboggle.