This word is often associated with the word Swankity (which is the correct spelling) but the two words are essentially opposites. Swankadee is used by dumbasses who can't spell. It's litteral meaning is the opposite of cool, or worthless.
Spencer: Ya dude, that movie so was so fucking swankadee.
Josh: Stop saying that. You sound like an ass.
Josh: Stop saying that. You sound like an ass.
by ImplosiveButter May 6, 2013
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Guy 2: Ya dude, that movie so was so fucking swankadee
Guy 2: Ya dude, that movie so was so fucking swankadee
by willy_lamar April 13, 2013
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