1. I say this in Australia to mean anything sick, cool, tight or excellent.
Usually the item is new, shiny, fresh and mad bling-bling style.
2. Can also be an said to mean 'cool' 'allright' 'OK' or 'yeah' in response to a question, to show your down with it.
1. "Man that Skyline is a Schmick ride."
"Hey! Schmick shirt dude."
2. "Let's listen to some Redman."
"I'll come over later on."
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