Green’s Dictionary of Slang

schmegma n.

[a ‘Yiddishizing’ of SE smegma]

(US campus) any slimy substance.

1990
199019911992199319941995
1996
[US]Eble Campus Sl. Nov.
[US]Eble Sl. and Sociability 78: Schmegma ‘gross, slimy’ is a mock Yiddish rendering of the clinical smegma.