Schmeat roughly stands for "Cooler than sweet; better than fake meat."
It is used similar to sweet
, but is used when something needs a higher complement than sweet
/and or fake meat.
That awesome shit that just happened was fucking schmeat.
"Hey man, I just won tickets to see your favorite band, and you here's the fifty bucks I owe you plus a shitload
(in response) -Schmeat.