A nick name given to a particular group of fraternity brothers who resemble large quantities of schmagma based on their behavior and general male debauchery.
Wow, the Kappa Schmagmas are really just dicks sometimes. They best fix their face before I throw hands.
by naughty chick May 13, 2008
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I am 48 yrs old & have never heard the term schmagma used with any connection to a penis.

Schmagma, quite simply, is pussy juice.
I got my girlfriend so turned on, it was like a schmagma picnic down there!
by Treetop420 August 4, 2019
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