a adjective used to describe something that is awesome to extensive amounts; it is a very high honor is to be considered this, as not many reach this level at anything.
Nate: "Yo im so glad we got high before getting drunk and going to the movies, my night got so much better!"
Hank: "Yea man it was totally Schlampus!"
(1) When one gets caught doing something stupid, embarassing, or anything of a private nature by your parents. (2) Also, when one's parents call you and prevent you from doing something enjoyable.
"He can't do anything tonight because he got schrumpfed by his mom last night while he was mastrubating."