A meaningless word that is said by people trying to purposely confuse others or distract them from something. It starts off loud then gets quieter to increase confusion.
Boy 1: So what's your MSN password? You said you'd give it to me.
Boy 2: Oh yeah, it's flagschnz.
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Girl 1: Do you swear to god that you actually did that?
Girl 2: Yes, I swear to flagscnhz.
Girl 1: What was that?
Girl 2: Oh nothing. Hurry we'll be late for class!
So, I was like in the club, with mah boyz, right? And this gnarley ass broad, wearing her torn up hooker fish nets and her jizz stained pleather boots, totally flaunched herself all up on my junk.