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1.
used when talking about masturbating. beat, choke, flog or use as a bludgeon.
"what are you doing tonight?"
possible responses
"I don't know, I am probably just going to schmeet off and go to bed"
"schmeet my dick"
"schmeet it"
by Cheeve April 29, 2009
 
2.
A word used to describe how sweet, cool, hot, and amazing an event, object, or a person is.

-pronounced shh-meat
-can also be used in a sarcastic way

Your friend says "Hey let's go sky diving Saturday."
And you reply "Dude that sounds schmeet! Let's go!"

Can also be said by itself like "Schmeet!!"
by Medora Pep January 17, 2009