What does shmand-fair means?

Oh, dude, "shmand-fair" is like, totally a made-up Word! It doesn't actually mean anything in the real world. It's just a fun and silly term that someone might use to sound all fancy and mysterious, but in reality, it's just a bunch of nonsense. So, like, don't go looking for the meaning of "shmand-fair" in the dictionary or anything, because you won't find it!