The funniest thing I have seen on The Colbert Report EVER. Shmeat: is inescapable future of humanity.
(Wait for the Priceline commercial.)
I hate Peta. Ingrid is a nut and I think she is gross. She is obviously too far removed from the sources of her food. I'm sure I will be coming back to this topic.
Per Urban dictionary, Shmeat is an amalgamation of "shit" and "meat", animal tissue engineered in a petri dish, sponsored by PETA, supposedly with the aim of replacing meat for consumption. See http://www.urbandictionary.com/define.php?term=shmeat for the rest of the definitions! Yum, or something.