Top definition
Anytime a person, or a baseball franchise receives nothing in return for investing a whole lot of money. zschmito is a morph of Jason Schmidt and Barry Zito, two pitchers from The national league in MLB who received huge paydays and then imploded into complete useless jokes for their respective teams.
Owner: "I just paid 62 million for an ace pitcher"

Fan: "Hope he doesn't pull a zschmito"

Owner: "Yeah, that would make me an uptard"
by The Original Mergeman July 22, 2008
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