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1. A portmanteau word, meaning "cool" or "awesome".
2. Something fun to say to confuse your friends, and make them think you are saying something mean about them.
Ex 1. Clair is pretty much schnazwabi like woah.
Ex 2. If you can't see the sign, then you are not schnazwabi enough.
by Heather ND October 16, 2005
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