When you slap someone with enough force that they fall down and their head impacts the curb.
I was so mad at the stupid shit he said, I curbslapped his ass right then and there.
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Another way of saying "that's awesome" or "it's awesome" in a shortened form. Can also be used as a pure adjective replacement of "so awesome."
Glad to hear it man, sawesome!
That concert I went to last night was sawesome!
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