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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.
Derived meanings. 1  The expression falling into the schmaltz pot is having something good happen to you, often by sheer luck (e.g., being born into a rich family). 2  Schmaltz herring means fatty herring and refers to the a stage of development in the life cycle of the herring when the fish contains the most fat.