Said after a very corny, very unfunny joke. Derived from the old Vaudeville comedy acts in which almost every one-liner was punctuated by a musical jingle. Usually played on the piano by a portly man with bright red cherub-like cheeks.
Made popular by Patton Oswalt in his comedy CD, "Werewolves & Lollipops".
Man in Auschwitz Camp: "I haven't seen this many ribs since I was at Tony Roma's!"
(n.)'SHlab' In reference to any particular item that is introduced or presented to a group of individuals in the gesture of a gift.
(v.)Schlabbin ('SHlab-n')
(vpt.)Schlabbed ('SHlab-d')
Noun(e.g.)Hey man, don't worry about not having any beer for the party because I have plenty of schlab for the both of us.
Verb(e.g.)I saw Zac schlabbin at the bar buying everyone drinks.
Verb(past-tense)I know David was being generous, but I do feel like he schlabbed too much of his stash for everybody last night.