An intentional misspelling of the Germanword "scheisse" (translated to English as "shit") intended to get around Blizzard Entertainment's ToS (Terms of Service) agreement in order to include a frequently used "inside joke" in a Diablo 3 clan name.
"I'm at 302ms lag." Complained Lucky.
"Well... quit downloading Scheizer-porn" Suggested Melviant.
Thus, clan ScheizerFrenzy was born
From Yiddish shmendrik, the name of a character in an operetta by Avrom Goldfaden (1840-1908), Father of Yiddish Theater. (Dictionary.com)
"Nice, isn't it. Go ahead, take it. Here's the thing: That schmendrick that keeps looking over here -- and that one -- he's got a gun. You gotta do, what you gotta do. Stealin'. It's a beautiful thing." (Gatorade commercial featuring Harvey Keitel urging Derek Jeter to steal second base. See it on YouTube)
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.