A combination of spasm (or spastic, spaz) and asthma.
The condition suffered by a kid who flips out to the point of losing his breath and needs a shot from his inhaler.
Dude, settle down. Don't forget about your spasma.
or
What's wrong with J?
Oh, he's got a rare form of asthma called spasma.
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it basically means YOUR FACE but is used amongst spies
P1:I hate you!
P2: COR SPASMA!!!!
P1: WTF!!!
P2: MWA HA HA