1. noun - A
hypothetical person who is always a bit
cooler than everyone, has more stuff than you, is better in every way.
2. verb -
Doing something a little beer than someone else, or buying a better version of something.
1.
"
Schmitty has one of those."
"She's not as hot as
Schmitty's girlfriend."
"The world record is 23 chicken legs, but Schmitty ate 24."
"Schmitty's car is a little faster."
2.
"I bought a new tv that's an inch bigger than yours. I
schmitty'd you."
"Everytime I get something new for my boat, Joe has to go and buy something a little bit better just to
schmitty me."