The amount of your daily/weekly/monthly/annual budget that is dedicated to smut; including (but not limited to): money spent on strip clubs, happy ending massage parlors, pornographic materials, and sex toys.
“What’s your smudget?”
“Your ginormous smudget is financially sinking this household!”
“Just because ‘smudget’ is a word now, it still doesn’t make prostitutionlegal”
A group of hillbillies buttfuck each other in the woods and jar up their combined ass queefs. Afterwords they take turns huffing it starting with the one that nutted first.
Hey Billy! Hey Stuart! Let’s cross the crick over yonder to the woods and have us an Oklahoma Smudge Pot! It’s been a LONG week!