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Freebase(0.00 / 0 votes)Rate this definition: Weltschmerz is a term coined by the German author Jean Paul Richter and denotes the kind of feeling experienced by someone who understands that physical reality can never satisfy the demands of the mind.
For the brewery, see Shmaltz Brewing Company. Schmaltz (also spelled schmalz or shmalz) is rendered (clarified) chicken or goose fat used for frying or as a spread on bread in Central European cuisine, and in the United States, particularly identified with Ashkenazi Jewish cuisine.omemade Jewish-style schmaltz is made by cutting chicken or goose fat into small pieces and melting in a pan over low-to-moderate heat, generally with onions. After the majority of the fat has been extracted, the melted fat is strained through a cheesecloth into a storage container.