Any type of foolish, ridiculous or moronic behavior that results in the person described being shown in a negative light. Although the word carries the connotation of negative behavior carried out by a black person, this word can be used universally across all races, creeds and nationalities.
Did you hear about someone taking pictures of Whitney Houston in her casket at the wake?
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.