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Compound word from schadenfreude - malicious joy, and fremdschämen - vicariously embarrassed by someone else.

To be embarrassed for a total stranger, whilst feeling maliciously happy that they're embarrassing themselves.
Watching American Idol: "OMG, look at that girl fail. I've got so much schaden-schämen going on right now".
by PseudoGerman May 31, 2011
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