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.
The word my classmate used when he tried to pronounce my last name which is really Sahota. I have used Shalabia as an alternative name ever since. That was pretty funny Seth. Remember when I told you I broke my cousin's leg by pushing her down the stairs? That didn't really happen but you got scared dude. You're a funny guy hope you're doing well.