The act of getting buzzed after only drinking "female" or "fruity" alcohol. You refer to one being "puzzed" because they are "pussy buzzed", seeing as how they could not drink hard liquor.
A term, most commonly used by southern-german miners. Its meaning is more than obvious thus needless to elaborate.
Hans: oh das ist ein wunderbar nacht
Karl: jaaa, es ist gut
Johann: wir essen wurst mit kartofel und sauerkraut.
Southern-german miner: PUTZENSCHWATZ!!!