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1. exc. watch out (presumably for some inadvertent calamity) 2. exc. watch (yourself) 3. exc. to indicate something unique or beautiful that needs attention drawn to it.
1. "Watchale! There's a big pile of dog excrament on the flooor!"
2. "Esmerelda told Vicente 'Watchale!' when Vicente inadvertendly bumped her during P.E. 3a. "Watchale! Look at that man's head explode in DEATH MARCH 7" 3b "Edgar shouted 'Watchale!' to his friends when Mariana walked by."
watchale by Richard Ziegelmann December 12, 2008
Related Words

watchagunadu

"What are you going to do?"

"What you're going to do."
CHRIS ROCK TO HIS PREGNANT GIRL: "WATCHAGUNADU?"

"Alright, do you understand the plan? You know WATCHAGUNADU?"
watchagunadu by Chingo Bolemongo September 29, 2006

Watchagainability 

a noun or adjective used to describe a movie that was good enough to be watched over and over again
Ted: How did you find the movie last night?
George: I had some watchagainability.

or

Fred: That movie last night was totally watchagainable!!
Watchagainability by Chirn February 12, 2010