It is the combination of the hip hop artist slaughterhouse and swat. The term is used mostly in basketball. When one person blocks another person's shot, the individual may yell "SWATERHOUSE"
"Damn, Jon just got rejected" -Audience member
"SWATERHOUSE!!!!!" -The player running back down the court after he rejects Jon.
"SWATERHOUSE!!!!!" -The player running back down the court after he rejects Jon.
by DJSTEIN March 18, 2011