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It's used as an adjective to describe something being awesome, legendary, or ridiculously awe-inspiring. It is usually preceded with an event that is unforgettable.
"Yo that movie 'Dark Knight' was ShoMoney!"

"Did you hear about that billionaire?! It must be shomoney to have that much money! "
"'How I met you mother' is soo shomoney."
"Man! you were so shomoney last night at that party!"
Shomoney by Shotime August 22, 2011
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A large eyepopping roll of money consisting of one large bill wrapped around and roll of one dollar bills.

Showing off what appears to be a large roll of cash to decieve those around into believing you are wealthier than you are.
Not having enough to impress the stripper into coming home with him, Big Ben whiped out a roll of shomoney knowing he could never have her any other way.

Big Joe is always showing off his roll shomoney to bring the old gals looking for security home with him. Little do they know show money means NO Money.
Shomoney by Magorski January 29, 2010
The name used for money that is acquired illegally, or through under the table offers. Hence the "Shhh" sound emphasizing the fact one must being quiet about how they recieve the money; when acquired, calls for a dance, usually the Shmoney Dance
Yo man, I wuz hustlin' and gettin' dat shmoney boi!!!
shmoney by José Mandarez November 25, 2014
It's a gangsta way to say "money". Used more commonly by Bobby Shmurda and Cardi B.
Real niggaz got shmoney!
Shmoney by Lifs December 9, 2021

shmoney dance 

A popular dance that derived from the rap song "Hot N****" by Bobby Shmurda. Is the next Nae Nae.
Earl: Yo, have you heard about the new Shmoney Dance?
Jeb: No.
Earl: Fuck you Jeb.
shmoney dance by straightcheesin August 20, 2014
Money earned on the hush hush.

Hence "Shhh...Money". Shmoney
"I've been selling crack since like the fifth grade. Gave a little bit of Shmoney to my mom"
Shmoney by otymartin October 4, 2016

Ain't no shmoney 

When not even no shmoney don't be enough.
Tyrone is such a shitty nigga, ain't no shmoney gone make'im attractive.
Ain't no shmoney by Lifs September 26, 2023