The name for the pairing of Olympic swimmers Michael Phelps and Allison Schmitt. The two trained together under Bob Bowman and have been shipped by fans since the 2012London Olympics.
I was at the store picking up some ground beef to make tacos when i walked by some female with a horrendous odor, so i said "Damn bitch! You are schmellay!".
noun - A witty and intelligentinternet phenomenon that frequents internet chat rooms and message boards
This chat room was just a bunch of social rejects spouting insults at each other until Schmedlap showed up and turned this into a reasonable discourse.