A combination of "swell" and "terrific," commonly used in a sarcastic tone.
"OMGZ0RZ I JUST BOUGHT A LOOFA" "Swellerific..."
To be better than swell; to be great.
Yo last night this girl was tryin ta holla at me. It was swellerific.
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The choice of being swell
I hope you are swellerific today.