The state of being while drinking where one is one level above drunk but one level below throwing up. Characteristics of being schnockered: Realization of being drunk but still denying it, delusions of being able to beat up someone who outweighs you by 50 pounds, realization that you will puke later and ordering a second round of shots anyway, buying the bar, etc.
Being extremely intoxicated, to the point when you say the word it sounds normal. Usually involves large quantities of premium malt beverages and gratuitous amounts of friends.
"Hey Jenny! Steve, Scott and Jimmy were extremely Schlonkered after playing 18 holes with your Grandpa."