When used with the term "industry", the schmata industry refers to the clothing industry, specifically in new york city, and specifically in reference to the women's clothing industry.
high intoxicatted, usually when someone is very drunk and also under the influence of sweetmaryjane.
Some smokin' hot bitch - "Harrison, you looked pretty schmattered last night!"
Xue - "No! What are you talking about?"
Hot bitch - "I saw that picture on your legendary facebook group. You were passed out with a empty handle of vodka!"
Xue - "It was posed I swear!"
Hot bitch - "Bullshit, let's makeout."
Xue - "Hey wait a minute, do you take AP Chem?"
Hot bitch - "No. What the hell are you talking about Harrison, please take my goddamn shirt off!"
Xue - "No. Abstinence."
He is the Jewish Santa guy that eats too much Hallah bread, drank schnapps with the three wise men, gave a dreidle to baby Jesus, put up a xmas tree in the Holy Land, put a with a Star of David on top of the tree, and sings "Ho Ho Hora, Ho Ho Hora." So, he said it was OK to enjoy getting presents and that us kids shouldn't feel guilty enjoying all the fun.