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It is actually "Mazal tov" which means good luck, congratulations, cheers. It's a really nice, friendly term.
Fill up my cup, mozoltov
Mozoltov by Mokaz July 2, 2009

Mozoltov Cocktail 

Based on the Molotov Cocktail, the Mozoltov cocktail is the Jewish version.

It follows the same basic principles as a molotov, a crude homemade petrol bomb, but with a Jewish element of some sort. This could mean perhaps using a He'Brew beer bottle, filling the bottle with olive oil (in reference to the origin of Hanukkah), lighting it with a candelabra, or even simply being thrown by a Jewish person. None of this is completely necessary however, and the phrase could easily be used simply based on the intent of the thrower.

Mozoltov (or Mazel tov) is a Hebrew (or Yiddish) usually meaning "good luck!" or "congratualtions!". This adds almost an ironic effect, as generally those struck by a Mozoltov cocktail would be considered to be having bad luck.

Generally, upon throwing the mozoltov cocktail, it is traditional to yell out "Mozoltov!"
David: Those Goldbergs are such mashuganas. I wanna toss a Mozoltov Cocktail at them!
Mozoltov Cocktail by Piemanthe3rd November 9, 2009
(verb) To raise the chair.

Originally from the word "Mazel-tov", it etymologically means "to raise the chair".

Often used in moments of joy, hapiness, celebration and other similar emotions.
In celebration:

(All): "Mozoltov!"
Mozoltov by Bran Flake November 14, 2009

Mozzaltoff 

The act of smashing glasses in a bar, particularly to the tune of Black Eyed Peas "I Gotta Feeling".
Emily: "Fill up my cup?"
JayDog: "MOZZALTOFF" <smashes glass>
Mozzaltoff by AfterIWoof October 19, 2010
A term usually used as a charm such as good luck, this word is mainly used at parties or new year to say cheers

(see BlackEyedPeas video for i gotta feeling)
Fill up my cup mozoltov
Mozoltov by Lil'missknowitall July 12, 2009

molatov cocktail 

A homemade bomb made of a mixture of different flammable liquids and materials, lit on fire and then thrown somewhere, usually.
The pyscho killer was bombing people in that city park using molatov cocktails.
molatov cocktail by Kaia April 28, 2006