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1.
1. Any of verious strong, dry liquors, especially strong Holland gin.
2. A slang term for sex, just like everything else.
1. Many people like to drink hot cocoa with peppermint schnapps at Christmastime.
2. My wife likes it when I schnapps her in the ass.
by Anonymous June 20, 2003
 
2.
an expression or feeling that shows surprise or excitement.
"oh, schnapps! you got me a persent!"
by seekrett August 02, 2003
 
3.
schnapps is a word that is meant to show excitment.

it is also pronounced snizzy when used in slang although the word itself is slang.
oh schnapps that ho is fine

ooh schnapps its johntavia
by D June 12, 2004