An artist who uses far too many vibrant colours in their work, making it difficult to look at. Sparklefaggots have large collections of Crayola products and although they may be very old, the artwork they produce looks like that of a five year-old.
Ke$ha's makeup has so many colours...she's a real sparklefaggot.
Someone who is addicted to obtaining money and building wealth. A money addict and fanatic. Breadheads often work more than one full-time job, and some even participate in illicit activities to "obtain the bread".
I don't buy the schmegegge about Morty sleeping with Moira.
His version of the story was pure schmegegge.
The whole schmegegge was made up to get Liz a little bit of attention.
Looking or experiencing something nice after witnessing something horrid like a disgusting gif or a disturbing video. Typically used as eye bleach are nice images of whatever makes the disturbed person happy.