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When you are shooting your ultra-sexy SKS rifle, and you have a slamfire, firing multiple rounds in a row, and you have an orgasm. It most common with Canadians, as their gun laws prohibit fully automatic fire.
Bang, bang.
-Dude WTF, I fired two rounds in one trigger pu-OOOOOH SKSgasm!
Related Words

swagasmic 

The feeling of being so swag that you simultaneously feel like shitting, cumming and vomiting all at once......which will then lead to a feeling of anti-swag because you ruined all of your swag with your shit, jizz and vomit.
Today, I woke up and tried on some swag kicks at Tom's Shoes after going to the local H&M and grabbing a fresh v-neck and skinny jeans. As soon as the kicks united with my new H&M threads, the swagasmic feeling overcame me and I felt at peace.

Then I realized I just shitted, came and upchucked all over my new clothes in a public place. #swag
swagasmic by JimboWales January 6, 2012
When a new concept, series of concepts, or the ensuing discussion of said concepts is so stimulating to the mind that one experiences a climactic mental state akin to the physical state of the orgasm; a mental orgasm. The experience is named for Carl Sagan, as it is through watching or reading his works that this experience is most commonly achieved.
I never knew the universe was so huge. Earth is just, like, a mote of dust, illuminated in a beam of sunlight, floating in the great cosmic ocean. Ooooh, oh man, I think I'm having a Sagasm!

Oh man, so amazing. It okay if I just fall asleep?
Sagasm by Harmonica John October 20, 2010
When your swag is so rediculously high, when people see you they pretty much cream their jeans out of a pure swagtastic experience.
dude i just walked by Megan" "So?" "She looked at me and had a swagasm right there" "That is soooo chill
Swagasm by Prendyy October 22, 2010
That moment when you wake up, usually hanging from a night on the lash, to sunshine and a foot of fresh pow, causing you to violently jizz in your pants.

This can also occur when watching skiporn, before you shred a line, whilst shredding a line or when you see an absolutely bangtastic female skier.
Skier #1: Mate, look out the window, it's fucking fantastic
Skier #2: Oh my fucking god...I'm pretty sure I just had a skigasm
Skier #1: Let's go shred that shit
skigasm by SuitUp5973829292 April 1, 2013

skargasm 

–noun

1. the physical and emotional sensation experienced upon seeing a picture of Alexander Skarsgard; usually accompanied by squeals, hyperventilation, dizzy feelings, sighs or an inability to stop smiling.
jamie- omg i just saw a picture of the alexander skarsgard! *sigh*

kristy- you just had a skargasm didn't you -_-

jamie- you know it!
skargasm by truebuffyfly December 7, 2009