It was coined in the Elizabethan Era to describe women as having big boobies and always being horny and wanting the awooga with everyone they meet. Essentially someone called a watercake was branded a hoe.
"oh look at that watercake she's at it again with Jerry from next door"
"the watercakes of this city are going round to everyone.
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.
Looking or experiencing something nice after witnessing something horrid like a disgusting gif or a disturbing video. Typically used as eye bleach are nice images of whatever makes the disturbed person happy.