This term refers to being the victim of someone who has deliberately and intentionally swindled, grifted or in any manner taken advantage of, always in an unfair manner.
Someone who has schiested you has fucked you out of something.
People who've been schiested not only live with the loss of money or property but also the disappointment of having let themselves be taken advantage of. As such, many people who get schiested never report the incident due to the loss of pride and self respect, making it one of the most underrated problems in modern society.
"I went to Jack in The Box and the person schiested me out of my $5.00 bill."
"That son of a bitch schiested me out of my house and home."
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.