A Schlatt 

1. Somewhere/someone in great debt that is somehow still afloat.
2. The term for a social structure that cannot help the lower class.

Guy 1: why isn't the school buying us new equipment?

Guy 2: because we live in a schlatt society.

A Schlatt by Fluffle February 5, 2020

Doing a Schlatt 

to correctly predict a monarchs death

Ted: did you hear what James is doing?
Charlie: no
Ted: he is doing a schlatt, he just predicted king charles III will die on the third of june
Charlie: going 3 for 3 I see

Doing a Schlatt by KingOfJaz September 24, 2022