(Also can be said as “Schmutz”) A playful term used exclusively among males to assert that one is your subordinate. Not meant to be taken seriously by any means.
The feeling of being extremely drunk to the point in which if someone were to take a video of you at this state, it would indeed end up on youtube for future humiliation and many laughs upon your behalf. Please be warned that excessive schmitzledness may lead to a horrible Scottish, Australian, English, and Chinese accent combined.
Oh snap! That last shot of sake was too much! I'm flipping schmitzled!!!!