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This is a funny word that orthodox jews use to refer to crack. I think we can all recall seeing hordes of strung out hebrews buying crack in ghettos all across this country. They only say schmeltz if its really good shit.
oye ve, jebediah! zis really is ze schmeltz. and so cheap
by bow down and worship me now bitch October 15, 2006
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Words related to schmeltz:

cocaine coke crack eat shit hebrew jew jewish jews judaism