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The feeling of shame and guilt which is felt when awaking after a night of drinking, regardless of how good or bad the previous night's transgressions were. Shmilt can also be experienced after a unforgiveable action due to a serious lapse in judgement.
1. I woke up hungover and feeling severely shmilty, even though everyone had a good time.

2. The shmilt I felt the next day was undeniable after making out with my step-mom during christmas dinner.
by J. Tudhope February 29, 2008
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