Two meanings! The area between your scrotum and your asshole, and the Blue stuff that comes out of a black woman's eye when a black man bitchslaps her.
Example 1: For definition one.
"when I jacked my boyfriend off last night, he skieted so hard it took a dry cleaner to get all the skiet of his Choda."
Example 2: For definition two:
"My man Ian bitchslapped me 'cuz i did it wrong last night, and i got Choda all over my dog."