It means 'recklessly extravagent' in English and has something to do with attracting sheep in High German.
		
		
	 
Raymond.....This might help explain the German/Swiss German distinction.  
Swiss German (
Schweizerdeutsch, 
Schwyzerdütsch,  
Schwiizertüütsch, 
Schwizertitsch) is any of the 
Alemannic dialects  spoken in 
Switzerland.  Occasionally, the Alemannic dialects spoken in other countries are called Swiss  German as well, especially the dialects of 
Liechtenstein which are closely associated to  Switzerland's.
 Linguistically, Swiss German forms no unity. The linguistic division of  Alemannic is rather into 
Low, 
High and 
Highest Alemannic, varieties of all of which  are spoken both inside and outside of Switzerland. The reason "Swiss German"  dialects constitute a special group is their almost unrestricted use as a spoken  language in practically all situations of daily life, whereas the use of the  Alemannic dialects in the other countries is restricted or even endangered.
 The dialects of Swiss German must not be confused with 
Swiss Standard  German, the variety of 
standard German used in Switzerland. Even  though Swiss Standard German is influenced by the Swiss German dialects to a  certain degree, it is very distinct and any native speaker will immediately note  the difference. Most natural Swiss dialects have some degree of a sing song  quality to them and can be most easily distinguished to the ear from German by  this.
  The Italians put Swiss German (Svizzero-Tedesco) into a slightly larger group  (Tedesco Alemanno) which encompasses the speech in parts of Southern Germany and  the Alsace region in France. Within specifically Swiss German (Svizzero-Tedesco)  they break it down generally to West Swiss German and East Swiss German as well  as the "highest" German from the mountainous cantons, and also Basel German and  Zurich German are in separate categories.