The seminal fluid of a hot throbbing squid phallus. Pronounced as "skwâ¢uhm".
"Finna drop all this squm on them sandy cheeks."
"Got squm?"
"How about a load of squm on that pink belly, Patrick?
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Essentially just the words Squid (referring to the aquatic animal or cephalopoda) and Cum mashed together. Pronounced no different than the word "scum".
"Get that mouth open Patrick, I don't want you dropping any of this squm!"
"So anyway, I filled every orifice SpongeBob had with my squm."