Example 1: Jason's friend told him, that his friend won the lottery and Jason replies, "Dude, that's the shizzle."
Example 2:
Ryan and Mike wonder if Becky has a crush on Mike. Becky approaches Mike and asks him if he wanted to go to a party with her. As soon as she leaves,
Ryan and Mike look at each and Mike replies, "Thats the Shizzle."
Ryan replies back, "yeah, its definitely the Shizzle".