Oogatz 

It means Nothing in Italian Slang, usually used in an execerbated tone.

You owe me 100 dollars! No I dont, I owe you oogatz! (as in I owe you nothing)

Oogatz by Pentangelli October 10, 2018

oogatz 

also spelled Ougatz. Means nothing, nada.

"My house? not in my name. My car? not in my name. my bank accounts? not in my name. you know what you got on me? oogatz."- from the movie 54

oogatz by Mike Goulis March 11, 2008

oobatz 

Derived from an Italian expression used to describe someone/thing as "nuts/crazy/insane, etc." Frequently heard on "The Sopranos."

"Whenever I try and explain to my scenester girlfriend that it's much cooler to NOT have a myspace account, she looks at me like I'm fucking oobatz."

oobatz by Shorty 9Toes July 5, 2005