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Based on the verb 'chug', 'to masturbate'; 'chugworthy' is a word used to praise something; to say that the thing is worthy of a chug. This does not always literally mean the subject is something a person would masturbate to - it is essentially a synonym for 'awesome', or 'brilliant.'
"Did you watch Lost last night? It was chugworthy."

"How's the steak?" "Aye, it's chugworthy."

"Hey man, look at her." "Aye, she's chugworthy."
by Sherlock Gnomes August 10, 2006
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