(adjective)- originally derived from when a transsexual male wears woman jeans and you can clearly see their balls bulging out in the "groin" area. This definition leads into what is know officially known as a ball sack fail:
(adjective)- A ballsack fail is the worst/biggest fail you can think of or encounter.
Examples of a Ball Sack fail include (but are not limited too): Having sex with a person contracting herpes/getting in an accident with a car that isn't yours/ or giving the fat drunk chick your number at a party.
Someone who is addicted to obtaining money and building wealth. A money addict and fanatic. Breadheads often work more than one full-time job, and some even participate in illicit activities to "obtain the bread".
I don't buy the schmegegge about Morty sleeping with Moira.
His version of the story was pure schmegegge.
The whole schmegegge was made up to get Liz a little bit of attention.