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Mainly used in "freestyle street basketball" to signify massive lag with a somewhat psychedelic appearance. See also:lagalicious, lagtastic, lagsadaisical, supercalilagilistic expialagdocious(the whole word is too long for the filters, it had to be split somewhere), and the ever popular "Welcome to Lagadelphia".

Power Forward:slides from the free throw line to the rim,then out to the 3 point line where he blasts off and dunks over everyone kissing the rim before he lands.
Defending Player:Holy freaking lagadelic!!!!!
by Freakish February 21, 2008
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