It has infinite meanings. It's a word that can be used as anything in relation to what is currently happening as the word is said.
Guy 1 - Dude, I'm totally snugglebuggin right now.
Guy 2 - Wtf does that mean?
Guy 1 - What do want it to mean, cus Carol just totally took her shirt off, and Ben just spilled his beer on the cat. So maybe Snugglebuggin' means I'm shocked that Carol and Ben haven't hooked up yet!
A trip to a grocery store, convenience store, or gas station for the sole purpose of buying an excessive amount of junk food and sugary drinks, usually with friends. A chud run often happens late at night and ends with everyone involved hating themselves afterwards.