schmancy can be used in a number of different ways, much like the word fuck. schmancy is mainly derogatory in uses such as "you are a schmance", "fucken schmancy", "schmance cock", "what a schmancy" etc. the meaning is similar to fag or pussy and can be used to describe a person or an action that lacks balls.
andrew you are such a fucken schmancy, who the fuck shaves their legs
af omg i am wtf uber 13. oktober 2006