(var.) shlumpshlack schmiity- a schmitty who is also an old, wrinkly person.
2. verb - Doing something a little beer than someone else, or buying a better version of something.
"Schmitty has one of those."
"She's not as hot as Schmitty's girlfriend."
"The world record is 23 chicken legs, but Schmitty ate 24."
"Schmitty's car is a little faster."
"I bought a new tv that's an inch bigger than yours. I schmitty'd you."
"Everytime I get something new for my boat, Joe has to go and buy something a little bit better just to schmitty me."
Man kicks open the door holding a six pack in each hand