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1.
A puppet with a long and oddly suggestively shaped nose, as well as a rather impudent and jutting plush rump. May be a portmanteu of smut and puppet.
Dave's Bro has an entire website dedicated to smuppets and their plush rumps.
by inkwellDried September 11, 2011
 
2.
someone who you want to cuddle with
"wow look at that dog. it is a total smuppet"
by chinchilla123 May 27, 2009