Shmip is another word for marijuana. It can be used as a verb or a noun.
Do you have any shmip?

Let's shmip... or... have you been shmipping?

We were shmipped.

He was all shmipped up.
by squashy April 27, 2009
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Shmip is another word for shit.
made up for the pure fact of confusing people who dont know what it means and to use around children.
India: Yo Jessie,
how's you're little shmip of a brother?
Jessie:Being a little shmip, like usual.
by inunii November 13, 2007
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Shmips is a slang word of saying a mixture of marijuana and cocaine wrapped in paper, this mixture originated in Brooklyn NY,
Man1:hey did you see that guy smoking shmips?

Man2: yeah, where'd he get that shit?
by JefferyLake June 2, 2011
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shmips is slang for a mixture of cocaine and marijuana wrapped in paper, it originated in Brooklyn and it is smoked.
Man 1: did you see what that guy was smokin'?

Man 2: shmips, that's some serious shit!
by krefs June 2, 2011
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