shmeat
n. Meat grown in vitro from a tissue culture. Also: schmeat. [sheet + meat]

Example Citations:
Chances are you will have seen or read about science’s latest ground-breaking effort: producing meat in a test tube. It got its first showing last week in the form of a hamburger pattie. Shmeat, they call it, and the taste testers gave it a resounding thumbs down.

Shmeat means “a sheet of meat” but I suspect you could make a case for another definition, going by the taste test.
—Ed Gannon, “Shmeat argument is very hard to swallow,” Herald Sun, August 16, 2013

Another challenge is what many call the “yuck” factor. Cultured meat has already been dubbed “Franken-meat” or even “schmeat,” though it may be appealing to some vegetarians and others who oppose using animals for food.
—Marta Zaraska, “Lab-grown beef taste test: ‘Almost’ like a burger,” The Washington Post, August 5, 2013

Earliest Citation:
Vladimir Mironov, a biologist at the Medical University of South Carolina, is among a handful of scientists culturing meat from animal tissue. His work involves turning formless, textureless patches of the stuff into mass-produced form — like meat sheets, or what one might affectionately call “shmeat.”
—Ketzel Levine, “Lab-Grown Meat a Reality, But Who Will Eat It?,” NPR, May 20, 2008

Notes:
Shmeat can also refer to an imitation meat made from soy or a similar vegetable protein. This sense of the word is a bit older:

1½ cups semi-frozen broccoli, finely chopped
1½ cups cooked ham, vegetarian “shmeat” or equal measurement of veggies, chopped
—Much More Than A Mom, “Full Meal Muffins” (comment), Shmooed Food, February 19, 2007

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