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1.
The testicles. A mock-ethnic variation of nuts.
"I've never seen a guy get picked up by his testicles before. Lucky thing for you that cop passed by when he did. Otherwise, you'd be lifting up your schnutz to tie your shoes." - Del Griffith, "Planes, Trains, and Automobiles"
by Sam Scarma July 09, 2006
 
2.
Yiddish for nuts
"Oy Vey! He took a shot straight to the schnutz!
by TacoLoco987 April 25, 2011