City in Austria.
The word Schwaz, and it's derived adjective schwazy or also spelled schwazzy can also be used to describe something really cool, and fucking awesome. It's a sinonimous of shibby. Schwaz can also be used to describe or name a guy who's pimpin it big time.
Possible meanings of Schwaz and schwazzy thus far:
sexy, shibby, right on, power, awesome, superb, good, nice, cool, excellent, hot, tight, rad, sick, etc.

Schwaz most definately does not mean gay.
Schwaz is a term reserved to describe a really cool person.
Schwazzy is reserved to describe that which is incredible, superb, and near perfection.
Schwaz can also be used to describe a great lifestyle.
Dude, the way you got that girls number was so schwazy.
Last night's concert was so schwaz.
My mom sent me a postcard from Schwaz.
Last night's dinner was quite schwazy.
I bought some really schwazzy clothes the other day.
Hi, I'm Schwaz.
That guy was totally Schwazzing it last night, he walked in with a hot chick and walked out with two more.
por Lestat D. Nosfer 08 de Outubro de 2004
The Sweat coming from ones buttocks.
It was apparent that after his run Justin had a significant amount of schwaz
por jizzletizzle 14 de Dezembro de 2009
adj. to be gay and love the cox
alex is schwaz
por david 07 de Abril de 2004

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