Final answer:
Being 'caught gobbling a glizzy' simply means being seen eating a hot dog and has no serious consequences unless dietary restrictions or specific rules against eating are in place.
Step-by-step explanation:
If someone is 'caught gobbling a glizzy,' it refers to being seen eating a hot dog. 'Glizzy' is a slang term for hot dog. This is not a question that has an academic aspect or a consequence in a traditional educational setting. In a social context, someone might tease or joke about the situation, but there are no serious repercussions for eating a hot dog unless in a situation where eating is not allowed or if there are specific dietary restrictions in place. Therefore, the phrase 'caught gobbling a glizzy' seems to be used in a humorous or light-hearted manner and does not refer to any significant event or action.