NOUN (2)

1. breathing with a husky or whistling sound;

2. (Briticism) a clever or amusing scheme or trick;
- Example: "a clever wheeze probably succeeded in neutralizing the German espionage threat"


VERB (1)

1. breathe with difficulty;

The Collaborative International Dictionary of English v.0.48:

Wheeze \Wheeze\, v. i. [imp. & p. p. Wheezed; p. pr. & vb. n.
   Wheezing.] [OE. whesen, AS. hw[=e]san (cf. Icel. hv[ae]sa
   to hiss, Sw. hv[aum]sa, Dan. hv[ae]se); akin to AS. hw[=o]sta
   a cough, D. hoest, G. husten, OHG. huosto, Icel. h[=o]sti,
   Lith. kosti to cough, Skr. k[=a]s. [root]43. Cf. Husky
   hoarse.]
   To breathe hard, and with an audible piping or whistling
   sound, as persons affected with asthma. "Wheezing lungs."
   --Shak.
   [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Wheeze \Wheeze\, n.
   1. A piping or whistling sound caused by difficult
      respiration.
      [1913 Webster]

   2. (Phon.) An ordinary whisper exaggerated so as to produce
      the hoarse sound known as the "stage whisper." It is a
      forcible whisper with some admixture of tone.
      [1913 Webster]

WordNet (r) 3.0 (2006):

wheeze
    n 1: breathing with a husky or whistling sound
    2: (Briticism) a clever or amusing scheme or trick; "a clever
       wheeze probably succeeded in neutralizing the German
       espionage threat"
    v 1: breathe with difficulty

Moby Thesaurus II by Grady Ward, 1.0:

162 Moby Thesaurus words for "wheeze":
   Aqua-Lung, antic, artificial respiration, aspiration, assibilate,
   assibilation, asthmatic wheeze, belly laugh, blow, blue story,
   break down, breath, breath of air, breathe, breathe hard,
   breathe in, breathe out, breathing, broken wind, burn out, buzz,
   caper, collapse, cough, crack up, dirty joke, dirty story,
   double entendre, droop, drop, effervesce, effervescence,
   effervescing, ethnic joke, exhalation, exhale, exhaust, expel,
   expiration, expire, exsufflation, faint, fatigue, fizz, fizzle,
   fizzling, flag, frication, frictional rustling, frolic, fun,
   funny story, gag, gasp, get tired, give out, good one, good story,
   grow weary, gulp, hack, hiccup, hiss, hissing, howler, huff, hush,
   hushing, inhalation, inhalator, inhale, inspiration, inspire,
   insufflation, iron lung, jade, jape, jest, jestbook, joke, lark,
   laugh, lisp, monkeyshine, mouth-to-mouth resuscitation,
   oxygen mask, oxygen tent, panic, pant, peter out, play, play out,
   point, poop out, puff, puff and blow, respiration, respire,
   rhonchus, rib tickler, riot, run down, run out, scream, scuba,
   shenanigan, shines, shush, shushing, sibilance, sibilate,
   sibilation, sick joke, sidesplitter, siffle, sigh, sight gag,
   sigmatism, sink, siss, sissing, sizz, sizzle, sizzling, sneeze,
   sneezing, sniff, sniffle, snore, snoring, snort, snuff, snuffle,
   spit, splutter, sport, sputter, squash, squelch, squish,
   sternutation, stertor, story, succumb, suspiration, swish, tire,
   trick, visual joke, weary, whish, whisper, whistle, whistling,
   white noise, whiz, whoosh, wilt, wind, wow, yarn, zip