1) An affectionate name for any dog of indeterminate breed, aspiring to designer status.
2) An unlikely mix of a poodle and, say, a Havanese, which, even though the resulting scruffy creature may possess two heads and eight legs, will still be right at home in the most upscale dog park.
"And, uh... what's yours?" "Oh, she's a Monkadoodle."
When one is bathing their favorite dog while listenting to your favorite Abba song, and eating Abba Zabba's and your dog accidently sits on your hand squeezing its wet anal fluids under you fingernails, resulting in intense pleasure for both you and the dog, then one touches his or her bathing suit area.