1. Slang for totally cool, this rules or "Hey, check out this cool thing I just did!".
2. A word that sounds really cool when you say it properly.
3. Used to describe a female that likes something very much. (Normally sexual in nature)
4. A way to express one's own accomplishment.
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ex 1. SHALAKA!
ex 2. SHALAKA...
ex 3. Shalaka my wang.
ex 4. SHALAKA
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