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quoted from Amanda Bynes in She's the Man. Basically means really really incredibly amazing or cool
You just got front row tickets to the concert that has been sold out for the past three months? SCHVEET!!!
schveet by DANSHAN March 8, 2007
Related Words

schnekin 

In the film "The Bird Cage", the Nathan Lane character patronizes a bakery and samples the "schneckin". No off-color meaning is intended in that scene.
schnekin by richard October 2, 2003

schnekid 

When you are drunk and want to get naked.
Hey we are pretty drunk let's get schnekid!
schnekid by nicejewishgirl83 December 19, 2010
A deep, uncontrollable urge to be with, hug and/or kiss someone you love.
I can't wait to see you. I love you so much! GOD!!! The schveltz is killing me!

schmekter 

Noun. The residue left on one's chest after having wiped away most of a dusseldorf or cleveland steamer.
I didn't fart. I just have a little bit of schmekter on my chest.
schmekter by ps3 in the b November 17, 2006

Schvikdik 

The diving face-first into your bed, and saying Schvikdik in mid-air.
Mike did a Schvikdik onto Jake's bed.
Schvikdik by bigbag September 8, 2005