Yiddish for HUGE penis admired by others. The reference is to the person as a schmuckaluvich because with a schmuckaluvich that attribute overshadows all else.
That schmuckaluvich has got it made with the girls.
Yo, schmuckaluvich, why don't you share some of that action?
Hey, Herbie's going out with that supermodel...is he a schmuckaluvich or what?
While our lifespan is the number of years we will live, our healthspan is the number of healthy years we will have and our sexspan is is the number of years we will continue to be healthy enough to continue having an active sex life.
A lighthearted reaction upon receiving disappointing news of some sort. Usually something that isn't a particularly a big deal, esp. when it primarily affects someone else - sort of a mild schadenfreude. Sometimes doubled or tripled, and possibly said in a sing-songy voice for added comedic effect to imitate a muted trumpet, which is how the meme originated.