It is disagreed by many how to interpret this term. Some may view it as a modern, pleasant word-play whereas most will elucidate this designation a churning shitpot.
Person 1: "Pizzazzles, mates!"
Judgmental idiot: "Shut the fuck up"
Person 1: "Pizzazzles, mates!"
Go-with-the-flow chillaxer: "Haha, see ya later, dude!"