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This is an alternate word for an Aussie or Australian.
To be used in the same way as POM, can be derogatory or a term of endearment.
Smeg or Smegs for plural , this word can be used on an everyday basis at home or work or pleasure, in the same way Smegs use the word POM.
"Hey I hear the Smegs came sixth in the Olympics"

"You Smegs won the cricket again"
"Pull your head in you Smeg"
Smeg by Nemisis2 October 18, 2008
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Anti-swearword shamelessly stolen from Red Dwarf. Mostly used by those who are British. It technically means sperm, but, like many swear words, it's used for many other things.
Smeg head.
What the smeg are you doing?!
I've got a smeggy bell.
Smeg by Maplin January 20, 2005
Related Words
manky shit, or a word from the Red Dwarf TV series.
Oh smeg I left the oven on, now the house has burnt down!!!!
smeg by Hawker February 14, 2004
megs likes to be clled smeg because she doesnt like megs but does like smeg.
Smeg by White Wicca March 12, 2004
The unique and delightful smell of a male grundel.
MMMMmmmm, the smeg of that grundle gives me a huge erection.

LICK MY GRUNDEL FAG, AND TELL ME WHAT MY SMEG IS LIKE!!!
smeg by Lo Pan (the real dude) October 29, 2003
When someone wanks off or has sex white liquid is produced.
I have smeg all over my trouseres!
Don't Smeg on me
Smeg by Chris:CWHS January 15, 2006
It is actually a lubricant created by the body, but can be used to substitute the puerile word, " ", without people knowing what you are on about!
Red Dwarf says it a lot
Smeg by KonCepT December 9, 2003