A man with on leg that uses his leg as a penis in order to compensate for his "Jew penis".
Girl, his dick was so small! I was pissed off untill he schlarbed the fuck out of me.
Cum, gooey stuff, or general goop you get on you or someone else - often facial. Used most often when shot on someone else.
"Dude, I blasted a load of schlarb on her and she went nuts", alternate - "Grab me a napkin, I schlarbed myself again."