schmegged Share definition Flag The hit before an amount of marijuana is completely finished. When smoking marijuana, there's always one hit before it's cashed. instead of saying "I think it's done, but I'm not sure, you try it" just say "It's schmegged" instead. schmegged by padge December 2, 2005 0 0 Get merch Get the schmegged mug. Buy Now — $32.95 See more merch