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1. shmedium
1. an irregular size between small and medium.

2. a adjective referring to clothes that are too small.
what size is that, a shmedium?!
2. Shmedium
An extremely tight, emo or hipster t-shirt. It is irrelevant what size, but mediums and smalls are more likely
Im so emo my shmediums are makin it hard to breath
3. Shmedium
–noun
1. any size Medium shirt (especially a T Shirt) worn by a man whose body-size would usually require a size Large shirt for comfort, worn for the accentuating affect it gives to musculature of the torso and arms; The resulting effect is similar to that of a medium-sized person wearing a size Small shirt.

2. a nickname for a man wearing such a shirt
Jeremy - "Rob, come on up here!"
Rob - "What size shirt you got on?"
Jeremy - "Fuck you."
Rob - "The price you pay when you rock a shmedium in this place."
-Season 3 Episode 8 of 'Rob Dyrdek's Fantasy Factory'