Does not refer to actual schizophrenia, first of all.
"Schizo" is someone with an irrational macro-
level fear, such as believing that
tech companies are tracking your information to make you eat bugs. This is the fear or worry at the level of disembodied groups or abstractions - schizos are worried about a "they", or at a concept, but without an idea in mind of how their fear would be carried out realistically.
This is in contrast to "paranoid", which tends to mean irrational micro-level fear, such as believing your neighbor is plotting against you. Paranoia fear or worry at the level of specific identified
people or things.
(Neither of these are clinical definitions; this is
slang, and by
definition colloquial.)
It can also be used as a prefix. "schizoconservatism" describes the kind of conservatism characteristic of InfoWars and QAnon. "schizonutrition" describes a bizarre and
evidence-agnostic nutrition characteristic of solbrah. If you see schizo- used as a prefix in this way, just think “the conspiracy theory version of that.”
Soandso keeps
talking about how he "won't live in the
pod" and "won't eat the bugs",
this is such schizo shit oh my god.