A term used to refer to someone as gay or homosexual, because after having gay sex they would have semen in their asshole and would fart it out. Often used towards straight men as a derogatory comment.
I don't buy the schmegegge about Morty sleeping with Moira.
His version of the story was pure schmegegge.
The whole schmegegge was made up to get Liz a little bit of attention.
Looking or experiencing something nice after witnessing something horrid like a disgusting gif or a disturbing video. Typically used as eye bleach are nice images of whatever makes the disturbed person happy.