(In case you're wondering how to pronounce it, it rhymes with foot-spa. The "C" is silent, and the "h" is in your throat.)
This is a word I learned growing up in St. Louis, where many of my friends were Jewish. Chutzpah means "audacity, gall, nerve, brazen guts." It can be interpreted as a term of admiration or derision, depending on the use. An equivalent slang term might be "balls."
We're all familiar with this scripture:
And others will he pacify, and lull them away into carnal security, that they will say: All is well in Zion; yea, Zion prospereth, all is well—and thus the devil cheateth their souls, and leadeth them away carefully down to hell.
Therefore, wo be unto him that is at ease in Zion!
Wo be unto him that crieth: All is well! (2 Nephi 28:21, 24-25)So it takes a certain amount of Chutzpah to publish a First Presidency Message titled, "All is Well."
Say what you will about President Uchtdorf, but in my book, the man has Chutzpah.