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whatever you want it to mean, with a positive interpretation. it could mean exciting, interesting, fabulous, etc.
1. Bob: Hey look, I bought a new pet walrus!
Herbert: Oh wow, spudonkulous! May I see?

2. Norm: Yo, have you met the new student?
Sherman: Yeah, he's spudonkulous.
by pandapoopaper April 09, 2010
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