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Smeg is an alternate word for Aussie or Smegs for more than one Aussie. To be used in the same way they use Pom , use on a daily basis at home work or leisure.
It can be a term of endearment when used correctly.
"Hey hows it going Smeg"
"See you Smegs didn't get too many golds in the Olympics this time"
"The Smegs beat the Poms again at cricket"
by Nemisis22 August 30, 2008
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it is a sagging piece of skin that
connects the main tubular segment of the penis to the flesh sack that holds and supports (scrotum) the sperm producing organs (testies)
poo wee! my smeg sure needs a wash, it
is starting to emit a cheese like odour
by jg July 22, 2004
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manky shit, or a word from the Red Dwarf TV series.
Oh smeg I left the oven on, now the house has burnt down!!!!
by Hawker February 14, 2004
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Anti-swearword shamelessly stolen from Red Dwarf. Mostly used by those who are British. It technically means sperm, but, like many swear words, it's used for many other things.
Smeg head.
What the smeg are you doing?!
I've got a smeggy bell.
by Maplin January 20, 2005
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megs likes to be clled smeg because she doesnt like megs but does like smeg.
by White Wicca March 12, 2004
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The unique and delightful smell of a male grundel.
MMMMmmmm, the smeg of that grundle gives me a huge erection.

LICK MY GRUNDEL FAG, AND TELL ME WHAT MY SMEG IS LIKE!!!
by Lo Pan (the real dude) October 29, 2003
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It is actually a lubricant created by the body, but can be used to substitute the puerile word, " ", without people knowing what you are on about!
Red Dwarf says it a lot
by KonCepT December 09, 2003
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