Scheissenbedaurn is the vague sense of disappointment that something thought to be really bad or in awful taste turns out to be not as bad as expected. (From the German, meaning literally: "shit-regret")
I left concerts by the Dixie Chicks and by Britney Spears with a vague sense of scheissenbedaurn. They merely mildly sucked, but neither was the world-class suckfest I longed for. The same thing cannot be said about the enormity that is a Barbra Streisand concert.
2. the feelings of relief that most people who see the video get because shit's not their kink.
"I'm so happy I can feel the weight of of your turd curling around from my upper lip, over my wide-open eye and across my forehead! The aroma is giving me the most excrellent scheissenfreude I've ever felt!"
"young Thai lady-boys give me a boner but I feel great scheissenfreude that there are no diapers involved."