a adjective used to describe something that is awesome to extensive amounts; it is a very high honor is to be considered this, as not many reach this level at anything.
Nate: "Yo im so glad we got high before getting drunk and going to the movies, my night got so much better!"
Hank: "Yea man it was totally Schlampus!"
(n.)'SHlab' In reference to any particular item that is introduced or presented to a group of individuals in the gesture of a gift.
(v.)Schlabbin ('SHlab-n')
(vpt.)Schlabbed ('SHlab-d')
Noun(e.g.)Hey man, don't worry about not having any beer for the party because I have plenty of schlab for the both of us.
Verb(e.g.)I saw Zac schlabbin at the bar buying everyone drinks.
Verb(past-tense)I know David was being generous, but I do feel like he schlabbed too much of his stash for everybody last night.