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A quote from a very amusing flash animation spoofing The Mario Brothers.

Used to show approval with an action or plan of such. Also used as a verbal taunt to some extent.

Possible dirivatives are:

Ba-shigity!
Shigity!
Schwa!

ect.
Guy 1: *Enter the room with a confident swagger* "Shigity Shigity Schwa!"
by Xhelix March 12, 2005
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