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It is describing the hardest owning ever given by man. Only specific people can deliver a schmowning, others can be nothing more than the victim of it. When you get owned exclusively by a Schreibeis.
an example of a schmowning can not be given, due to the fact that all victims have been too traumatized by the event to ever speak of it again. However, all scmownings end with someone saying loudly and clearly SCHMOWNED!
Related Words

Shiowned 

To be PWN3D, OWN3D, Dissed or totally dominated by Shion Sonozaki, the well known Yandere of Higurashi no naku koro ni. The origination of this term is from the Higurashi Parody Fandub series, created by the user Nyodude.
Keiichi: Well, I can definitely see that you want to protect Satako, But I'm still calling your sanity into question.

Shion: Why's that?

Keiichi: Oh, no reason, It's just that last I checked, Chairs were meant to be seated on the floor.

Shion: Floors? I HATE FLOORS!!!

*Hits Keiichi over the head with a chair*

-----SHIOWNED-----
Shiowned by SpasticCucumbers June 20, 2009
When pronounced it sounds similar to clowned. It's a Sex act originating in East Tennessee where a guy goes from one girls rectum to another girls mouth without either of them knowing about the other. In order for it to be completed successfully, the second girl(mouth) has to ask " why does your dick taste funny".
I get more pussy than the pound, so I showned it like I owned it.
showned by Ashley P. March 19, 2008
-when one is seriously owned to the point of embarrasment to their families name.
-when a person with a Minnesota or Canadian accent owns you.
-owned so badly you might be considered illiterate or mentally disabled.
Random Canadian Guy example 1:" How aboot that schmowning action last round , eh?"

example 2:Dude: "Is your family ok with this total schmowning man?"

example 3: "Totally schmowned man!"
schmowned by benwithaphd October 30, 2007
To get owned, to say,act, or do something stupid. To get told off
Gabby got Shmoned on the tram at Animal Kingdom in Disney. "Please move to the inside"
Shmoned by RYAN 3421 January 8, 2009
Bro I’m so fucking shmoned right now I just thought my rig was a hamburger
Shmoned by Stinky Tooty March 18, 2019