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It means Nothing in Italian Slang, usually used in an execerbated tone.
You owe me 100 dollars! No I dont, I owe you oogatz! (as in I owe you nothing)
Oogatz by Pentangelli October 10, 2018
Related Words
also spelled Ougatz. Means nothing, nada.
"My house? not in my name. My car? not in my name. my bank accounts? not in my name. you know what you got on me? oogatz."- from the movie 54
oogatz by Mike Goulis March 11, 2008

Oobazhil 

oo-bah-z-hil.
A word that came around whilst under the influence;
1. To act on one's property in terms of girlfriend/partner. Whether it be sexual actions or violent ones.

2. Also a word that sounds as if it is being spoken by someone of ethnic minority.
1. Dave; 'What in God's name are you doing to my bitch?'
Mitch; 'I gave her the Xbox controller to complete a level on Halo3 and she failed like a wet penis. So I gave her a good old oobazhil with my fist'
Dave; 'Oh okay then, carry on.'
Oobazhil by RobbXD April 15, 2008

oobatangboobachow 

When things are going wrong, but you know everything will be just fine.
Uh oh! I dropped a case of beer! Oobatangboobachow!!