Schmobbin(verb): straight up balls to the wall partying or any action involving wanton disregard for ones own safety or physical well being; an extreme activity in which an individual enters an abnormal heightened state of mind i.e. experiences with controlled substances, adrenaline surges etc.
Schmobbin(adj.): A definition for a person place or thing that is particularly exciting, fun or enjoyable.
Schmobbed(adj.): The condition which can arise during or after "schmobbin" has occurred; A state of inebriation, extreme euphoria or inversely a highly exhausted or spent state such as being hung over or injured.
"Wassup dude! Yo this party is so schmobbin! Come to 101 Lombard street fast before the cops break shit up!"
"Dude I am so schmobbed. If I shotgun another coors I am going to vomit."
"No, I am too schmobbed to drive. Please take my keys from me."