Something awesome. It's important to use the word "the" in front of the word schnizzit or it will take on the meaning of something less desirable. For example I am the schnizzit means I am awesome. I am schnizzit means I am shit, crap, etc.

Internet persona(s) who happens to follow you and you happen to follow them back and maintain communication with and have a mutual liking for eachother whether it be friendship wise, etc. (Mutuals if more than one mutual)