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Shmagectum 

A word that encompasses many meanings, but can most simply be stated as "the answer to all of life's problem's". This word can be used as a greeting, salute, adjective, noun, farewell, or just about any other part of speech.
"Shmagectum my friend"
"Oh, Shmagectum to you as well, brother"

"Got any problems in life? Just Shmagect 'em!"
Shmagectum by D.M.W. February 7, 2008
Related Words

shagectomy 

breaking up with your lover
oh shit, my girlfriend has just given me a shagectomy!
shagectomy by Budi September 23, 2007