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slang for cocaine. Evolved from the slang term yay (yayo). As the term yay became more popular, a new word was needed as code for coke so one could speak openly about it in public without evesdroppers become wise to the subject of the conversation. The term shmay has since evolved even further into shmizzle, or even shmizzle shmazzle... if you are not into the whole brevity thing.
Yo, wassup with some shmay tonight?
shmay by the shmizzle dizzle March 23, 2009
Related Words
SHaking My Head At You, in instant message speak. Said to convey disdain.
Guy: So baby, want to take this conversation off MySpace?

Girl: SHMAY

courtesy of Laura
SHMAY by BitchBakers January 12, 2009
A name you call someone that means something really really really bad. so bad that you can't explain it with bad words, but nobody really knows about it so you can get away with calling them a 'shmay'.

also used with 'soupy' before it for no apparent reason.

also used if you cant think of a name to call them at the time.
'John, you're such a (soupy) shmay!'
shmay by E+B May 14, 2003
a persons private parts, or a part of body

or in the act of sex!!!!!
"when she seen my shmay it was a done deal!"

"we were shmayin' for atleast an hour!"
shmay by shamy_myster March 30, 2010
SHMAY, a word used to 'buzz' off or take the piss out of somebody following a story or point they make in order to belittle it or disagree. Used in a similar situation as 'aiiiinnnnnnn'
Tom "yeah I'm deffo the best at Crossfit in our gym"

Denis "SHMAY!!!"
SHMAY by Toms Mar October 10, 2018

Shay Mitchell 

Full name: Shannon Ashley Mitchell
Aka the finest piece of Canadian ass ever created.

Grew up in Vancouver before moving to Toronto to pursue a modeling career. She now currently resides in LA.

She's most known for playing a hot teen lesbian (ABC's Pretty Little Liars) and for picking up more chicks than the other starring actors combined.

She's also known for the magical waterfall of silk atop her head which she calls her hair, making her the youngest spokesperson for Pantene.

Her existence proves that God does indeed exist, and he is one bad ass mo' fuckah.

Shay makes guys go ape shit and girls feel like shit or question their sexuality.

Edit: Rumored to be in lesbians with her equally as hot bff, Ashley Benson. Unf.
Guy: I would do anything to even be in close perimeters of Shay Mitchell.

Girl: Sweet baby Jesus, me too.