What is schmutter?

schmutter [ˈʃmʌtə] noun
Yiddish slang for cloth or clothing
A slang word for cloth or clothing
[from Yiddish schmatte rag, from Polish szmata] Source

I have always envied Zoe three things: her figure, her taste and her eye for a good bit of schmutter 
Jessica Hynes

The East End rag trade in the 1950s

Schmutter (or Schmatter) is a sonorous Yiddish word, as displayed in the wonderful example given by Aldo ShattuckGalliano's career in schmatters ended in tatters