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A Schlott is an extremely hot girl/women (8/10+) and is someone you would be proud to say you've slept with but not someone you'd take home to meet the parents as they would not be academically approved.
Example

Josh: Blonde girl at the bar?
Lee: Definite Schlott...

Jake: We have 'Schlott on tap' in this place boys!
by Sparrowhawk August 22, 2012
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2
A spray of fecal matter, usually caused by diarrhea, that coats the back wall of the toilet bowl.
Dude, don't use that stall! Someone schlotted the hell out of the toilet.
by Mishnel December 07, 2006
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