A phrase used in an episode of Robot Chicken by spoof character M. Night Shyamalan. Derives from Shyamalan's trademark twist endings of his movies. Can be used as a replacement of the tired out saying, "oh snap!"
Bob: Dude, this homework is so gay.
Steve: Your mom is so gay.
Joe: What a twist! (OH SNAP!)
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.