the act of being wasted combined with being shafted.
an adj. to describe what happened to you when you got drunk and passed out and your rear end hurts.
that kid got so schwafted last night! did you see that sharpie design on his face?
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A big Faggot with a small Penis
Guy 1: aw man that guy over there is such a Schwaft!
Guy 2: yeah I agree, such a Schwaft.
Derived from a combination of the words schwagg and shafted, schwafted is another word for when something bad happens to one, or when one becomes intoxicated
a)dude I just got schwafted by that test
b)This weekend I went 12-0 in ruit and got completely schwafted