Pronounced FAUX-SHIZZLE. The only word used by wangster's (whether they be white or 'wanna-be') that sounds epic and is used under the context of a joke. Using this word will not make you seem 'uncool', but rather just as a 'jokester' and you will be trendy and shizz instead of lame...
Steve: "did you see that creep?"
'Supposed You': Foshizzle! Wha'zzzzup wi't' 'dat'?
Steve: YOU are so funny!