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This describes a person who at least 50% Schmuck and 100% Ugly.
Did you hear that guy, what a schmugly dip shit. I can't believe he just tried to pull that on her again.
by DJ Bubbles May 24, 2010
Ugly in an endearing way.
Dave: That girls really ugly

Alex: Ugly schmugly
by annonynonny November 25, 2013