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A dick cheese that's so fine and pristine that it has to be admired and respected by many. It is rare to find smegma of this quality, thus causing it to be the premium of smeg.

Usually found to be as clear as the semen of a very hydrated man, and when comes into contact with vaginal or rectal fluids immediately dissolves into a natural form of lube.
I was involved in an orgy on Saturday, and one of these dudes had a severe amount of smegma, but it turned out to be premium smeg and just enhanced the thrill of the orgy.
by Bork Glasgow July 23, 2016
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