According to Donald Trump, Hillary Clinton got schlonged by Barack Obama in the 2008 democratic presidential primary. This is akin to getting screwed; slighted; severely whooped; underhandedly beaten; having your ass handed to you ,etc.
She (Hillary) was gonna beat (Obama), she was favored to win (the 2008 Democratic presidential primary), and she got schlonged, she lost.
A unique TYT (The Young Turks) response to any lame attempt at humor, roughly analogous to the "wah wah wahhhhhh" muted trumpet sound frequently used in '60s era sitcoms and elsewhere to punctuate a rather obvious or trite joke. Cenk has used "shwang wang wang" this way in his personal lexicon for many years, but later appended it with "Debbie Schlussel" to mock the tone and delivery of the Michigan-based conservative blogger's unintentionally hilarious YouTube videos. See also "Debbie Downer."
Debbie: "The queen of daytime talk has endorsed B.O.... no, not the smelly B.O., but the Presidential B.O."