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1.
Fancy in an expensive way.
I was shocked when he took me to a very shmancy restaraunt.
by s.princess November 14, 2004
 
2.
usually what someone says when they don't have very much money, but they are in a place were rich or fancy people go.
"This place is very quite shmancy," said Bob as he walked intoo the resturant and saw the curtains and the tables.
by AcousticEmo December 04, 2008