Source : Webster's Revised Unabridged Dictionary (1913)

Wheeze \Wheeze\, v. i. [imp. & p. p. {Wheezed}; p. pr. & vb. n.
   {Wheezing}.] [OE. whesen, AS. hw?san (cf. Icel. hv[ae]sa to
   hiss, Sw. hv["a]sa, Dan. hv[ae]se); akin to AS. hw?sta a
   cough, D. hoest, G. husten, OHG. huosto, Icel. h?sti, Lith.
   kosti to cough, Skr. k?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.

Wheeze \Wheeze\, n.
   1. A piping or whistling sound caused by difficult
      respiration.

   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.

Source : WordNet®

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 : breathe with difficulty