n. ice cold, cheap domestic beer, oftentimes of a "light" variety. The idea is to drink them quickly while they are cold shitty beers before they become warm shitty beers, and thus less palatable. Originally heard in Oklahoma City, the term has migrated to Honolulu, Hawaii as well. The activity itself is universal and lends itself well to lounging beside a body of water, natural or otherwise.
-So what you guys gonna do this weekend?
-Dunno, probably go to the lake and drink a cold shitty or three.