1 definition by Alec Fraser

A schmazoolie is an amount equaling a dollar given to a musician at the end of a gig. Especially when payment is being made by a jewish band leader with a sense of humor. Toronto DJ Danny Marks coined the phrase in 1988.
Hey Stig, here is your 300 schmazoolies, go get a haircut.
by Alec Fraser December 12, 2007
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