It's the slang version of Mazaltoff when you're highly intoxicated. It's cute, classy and not offensive to the Jews.
While partying with your best friends at the beach/club in the presence of Jews one would say, "Mazaltan, hookerface" instead of Mazaltoff or cheers.
by S.candalous B.arbie November 6, 2009
Get the Mazaltanmug.