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Some type of foreign object, food particle, or dry spit etc. that can be found around areas of the body that it does not belong on. Preferably around the corner of your lips and eyes. The face is the main part where Shmolts is found.
Um hey you have some Shmolts on the corner of your lips.
Shmolts by J and B Shmolts Inc. August 11, 2008
Related Words
A word I made up.
Something you say when you are happy.

A combination of shibby, moo and some other word which I forgotten
shmooty by cool_penguin_0 June 30, 2004
"SHMOLY!" Bob exclaimed, when she found out it was a snow day.
shmoly by espoir February 8, 2007

Shmoltinator 

A rare species who goes by the human name colt, known for taking it all the way down to brown town to the point where organs will be blown our of the anal cavity, may cause rectal trauma in severe cases
Who painted my toilet this nice fucking oak brown? Must've been the shmoltinator
Shmoltinator by Tal turner October 2, 2017

shmolly dong 

another term for penis. See dong, wang, burger, biscuit, diddly...
Dude. She definitely wants the Shmolly dong.
shmolly dong by Thediddly21 May 31, 2016

shmolly whopped 

Someone in a different state of mine as in faded, drunk, or high.
shmolly whopped by DashKon240 March 31, 2019