used by Spinner on Degrassi: TNG; means big deal or thing of importance. can be used loosely, it's not how you use it.. it's just a funny word.
Spinner: (hits Craig) Are you on crack?
Craig: Ow. What was that for?
Spinner: Dude, you got a girl pregnant, and you're just walking around like lalala, gonna be a dad, no shlaboggle.
or
I gotta wear this monkey suit cause my parents are dragging me to some work shlaboggle.
V. To shabangle- The process of dunking one's testicles into a can of sprinkles, wrapping them in wrapping paper, and giving it as a present to a close friend (preferably male.)