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3.
A girl who is beyond hyper all the time. She is also a bitch in heat around a lot of guys. You must love her.
Girl 1:"yo look at leah! she's bumpin' and grindin' with all those guys!"

Girl 2:"yeah she's a schatz!"
by Princess Nadia October 28, 2007
 
1.
A member of a small group of highly intelligent and good looking individuals.
Mein Schatz (my lover)
by Jimmy My Door December 02, 2006
 
2.
A boy who has a very adorable picture on skype
Shadu, you are a Schatz
by Ishipishi May 16, 2011