a combined, shortened version of "see you later". the first part of the word is often dragged out to add extra effect i.e, : "schhhhhhlaters". it can also be combined with "schloser" (meaning loser) i.e.
"schlaters schloser"
water that someone has took a dump in, either as a prank, sexual act, or to be ingested as a hallucinogenic. Once ingested users often see unicorns with aviators and Kanye West, users also will experience euphoric feelings and will start mumbling about technicolor penguins trying to sell them screwdrivers, chainsaws, or other power tools.