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2.
Adj. Terrific, very good, the best stuff.

Noun. A doof. A silly person.

This word is often used by ESPN Sports personality Dan Patrick.
Adj.: This is great stuff, it's schiznick.

Noun: What a bunch of Schiznicks
by Macsarcule September 17, 2003
 
1.
The "shit"
Back in '93 that was the schiznick, now it's old as Bob Hope.
by Macsarcule September 17, 2003