It combines "let's go eat" into one word. This word usually follows the negatory answer to the question, "Jeet?"
After John answers no the the question, "Jeet?",
Chuck responds with "Skweet."
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So sweet it makes you skeet
Sweet+Skeet=Skweet
Man1:" Hey did you hear that AttackAttack, A Day To Remember, The Devil Was Prada, and 3OH!3 are playing at warped tour!"
Man2:"SKWEET SKWEET"
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