Chegz means
anything you want it to mean; it can be a verb, a noun, an
adjective, etc. It is used to replace words that people would not want other people to know/hear about in public. In this sense, it is a magic word, unlike any other in the
english language.
Steve: Damn, look at her, she's so chegz.
(if she's hot, obviously steve is using chegz in a positive manner. But if she's a troll, he means it negatively)
Carl:
Are you ready to chegz it out?
(meaning do something, depending on
conversation being had. If someone was to say "
are you ready to play baseball?" an appropriate response using chegz would be "yeah, let's chegz it out", meaning "let's do it", or "let's go"