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1.
First used to describe the crusty stuff at the bottom of a cup of churros from a mexican restaurant.

I haven't come up with a better definition for it yet but I like to think it has something yiddish to do with a penis.
Are you gonna eat that schmageckel?
Get that schmageckel out of my face!
or Schmageckel Envy.
by Chris Hardt May 08, 2008
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