Award given to the person who is not really distinguished in any particular area. Synonymous with the "Good Sportsmanship Award," the "Keep up the Good Work Award," and the "Attitude Award." Used as a self esteem booster.
While little Jacquelyn received two first place ribbons in the 100-meter-dash and the swimming race, young Becky donned a "Good Effort" ribbon and a "Best Bubble Blower" ribbon. (NOTE: I, the writer of this definition, actually received a bubble-blowing ribbon. Best in my whole camp.)
Someone who is addicted to obtaining money and building wealth. A money addict and fanatic. Breadheads often work more than one full-time job, and some even participate in illicit activities to "obtain the bread".
I don't buy the schmegegge about Morty sleeping with Moira.
His version of the story was pure schmegegge.
The whole schmegegge was made up to get Liz a little bit of attention.