From Rap Dictionary
For sure. "Shizzle" is an example of a word transformed by removing most of the trailing syllables and replacing them with "-izzle". Snoop Doggy Dogg is generally credited as the originator of this practice in rap, however E-40 was doing it on his albums long before him.
Actually E-40 didn't invent this slang either, it was Frankie Smith and the Gap Band.
"Fo' shizzle Dizzle...I'm on the track with the big Snoop Dizzle" -- Ludacris (Holidae Inn)
"Fo shizzle my nizzle used to dribble down in V.A." Jay-Z (H.O.V.A.)
See also, Fo real