1. (adj.*) A word to use when something is astonishingly cool, fashionable, or popular.
This word really needs no definition, it means exactly what it sounds like and is known in the majority of languages and cultures around the world. (*Also used as an interjection.)
Generally, you may be referred to as "schway" if you roll up to the beach and hop out of your authentic, mint condition 1970's Mystery Machine with a cigar and aviators. This would be accomplished with a simple "...Schwayy...." hiss among groups of young adults. In order to know if you were actually schway, the "schway" should be heard relatively far away. In general, the formula is 5 feet/young adult*1.012^2
A: "Sup bro, I just bought a new 100% real bear fur jacket."
B: "Who do you think you are? Colonel* Schway..?"
*There are different rankings of Schway - e.g: One can be a lieutenant, captain, doctor, officer.**
**Officer Schway takes command.
A: "Man, I get so irritable after hanging out with frat stars at the bar all night"
B: "Maybe we should go smoke - I just bought Season 1 of Batman Beyond"
Here's some context in other countries:
A: "Oy bruv, this joint is rinsed"
B: "Grimy! I got Batman Beyond at ma spot"
A: "hon hon HON! On etudie a la bibliotheque toujours"
B: "ah oui! bon! allons-y! Le Batman Beyond"
Side note: A former accepted usage of "schway" (deprecated in the modern 2013 usage of "schway") is a response someone gives if they don't care what you're talking about. This has been deemed as "just sarcasm" and may be why schway is sometimes INCORRECTLY used or interpreted in non-unanimously awesome situations.)