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A Schmeddy is a very good friend, your bestest friend maybe, a bestie, one that causes you to laugh so hard you cry and/or pee your pants when your together or on the phone. A friend that’s like your sister or brother from another mother.
I had such a great time with my schmeddy! I can always count on my schmeddy! Me and schmeddy laughed our asses off all night!
Schmeddy by Michele19 October 1, 2018
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Schweddy 

Mr. Pete Schweddy is a fictional character from the Saturday Night Live sketch 'Delicious Dish.' Mr. Schweddy represents the (equally fictional) Schweddy Family line of meat products, including Schweddy Balls and Schweddy Weiner. He has " ... quite a reputation as the king of stadium-cooked cuisine."

The sketch is quite funny, and pretty obviously all about sexual innuendo. 'Schweddy' sounds like 'sweaty,' and all the various interpretations of 'meat' refer to male genitals. The outrageousness of the references steadily increases as the sketch goes on.
Pete Schweddy: That's right. I'm proud to say I've won great acclaim for my takes on popcorn, crackerjacks, and pretzel bread. But I think what I am most known for is my weiner.

Margaret Jo McCullen: Your weiner. Wow. You don't say.

Pete Schweddy: I sure do. Would you like to see it?

Margaret Jo McCullen: Please. Please. (Pete pulls out a tray of weiners) Wow ...

Pete Schweddy: Is that some weiner, or what?

Margaret Jo McCullen: Yeah, it's a doozy, Pete.

Lynn Vershad: Now, is that a foot-long, or..?

Pete Schweddy: (chuckles) You flatter me!
"Hey man, what's yer scheddy lookin like this weekend?"

"Wiiiiiiiiiiiiide open..."

"Schweeeeeet"
scheddy by Pappyrhino November 5, 2012

Schweddy Balls 

The most infamous Delicious Dish episode featured Alec Baldwin as the chef Pete Schweddy, who came to the show to showcase his "Schweddy Balls," and later re-appeared to showcase his "Schweddy Weiner." The ice cream company Ben and Jerry's released a flavor in September 2011 called "Schweddy Balls" in homage to the skit, prompting complaints from conservative groups that the name was too explicit for grocery store shelves
Bob: "Have you heared the major news media complain about Ben and Jerry's Schweddy Balls ice cream saying its to (inappropriate)?"
Joe: "Yes...but every one knows the news media are a bunch of News Nazi anyway"
Bob: "And did you know it is made with cow rape juice"
Joe: "No i didnt, WOW it tast great AND is healthy"
Schweddy Balls by Saint Derrick September 30, 2011

schmiddy 

Bearded hipster term used by micro breweries for a glass of beer that's less, in volume, than a schooner and usually more than a pot or middy.
Free schmiddy of pale ale with every gluten free kale and tofu pizza salad.
schmiddy by YoNally June 12, 2019

Dirty Schmiddy 

The act of while using a sex swing. Twisting the sex swing over you while your partner,mounted in the swing, unwinds down on your pulsating member.
The Dirty Schmiddy: Picture a cieling fan with stirups.
Dirty Schmiddy by Backyard B February 14, 2010

Schmuddy 

Study is mud. Ie Study is Schmuddy. Lingo to get your mate out of study hell and to the pub.
Friend: I can't come out I have to study.
You: Study is Schmuddy get yourself to the pub.
Schmuddy by Beanie1984 May 28, 2018