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Schving or Schving Schving refers to sphincter, to be precise: the outer anal sphincter which is under voluntary control.

Coined by Max Keiser as a way to express, in television broadcast, the dangers of inviting violation of the sphincter by way of insertion of sharp or pointy objects, usually repeatedly, by aggrieved parties subjected to involuntary control over their lives and finances.

A sphincter is an anatomical structure, or a circular muscle, that normally maintains constriction of a natural body passage or orifice and which relaxes as required by normal physiological functioning.
“These guys are saying ‘we won’t take these bonuses’ because they realise the next step after that is a pitchfork up the schving schving’”
Schving by randomprecision November 14, 2011

schvinkter 

a german substitute for an arse hole, commonly used by Australian's, Kiwi's or the English
whilst at Oktoberfest: mate check out that chick's form, would love to give it to her in the schvinkter
schvinkter by thetruth001 August 27, 2013

Shvinkta 

Two (occasionally three) kids who make mediocre movies and will never be famous.
Steve watched Shvinkta's movie "Car Stuck" and subsequently splooged all over the keyboard in excitement.
Shvinkta by fuckingtheuniverse September 26, 2008
the muscule up your ass that keeps the shit from coming out
no you can not fuck me up the ass with your 18 inch dick you'll brake my shvincter
shvincter by amber March 6, 2004

Shvinkter 

A nickname for someone who chills in their room with a small group of people that gets fucked up smokes a hooka and some blunts
we now call my friend shvinkter because she's the shit
Shvinkter by bhague April 30, 2008
Harrison has a small schvinky
schvinky by Schvinky January 20, 2014