verb: to flake out,
let down,
abandon, not show up as promised.
forms: schmed, schmedded, schmedding
"I'm giving you the
money for my ticket now, so don't schmed out on me!"
"Looks like Ed schmedded out on us again. I guess I'll
ask my
brother to drive us to the liquor store."
"If you plan on schmedding out on me again, don't ask me for any more favors."