It is a process of ripping (partying), dipping (smashing out a chick), and then sipping (boozing afterwards). This process can be reviewed by friends to obtain maximum effectiveness.
Mr. Cheese: My young friend why don't you just rip, dip, and sip already!!
Dante: Alright Mr. Cheesal I'll rip, dip, and sip
or
You: I ripped, dipped, and sipped last night
Friend: Damn brah, sounds legit
A Shackteau is a humble, weather-beaten, structurally questionable shelter located in a spectacular or highly coveted place—Wales, Jackson Hole, Sun Valley, Crested Butte, coastal Maine, the Alps—where the building itself may be worth almost nothing, but the dirt, view, access, and mythology make it absurdly valuable.
In use:
Shackteâu - We thought it was an abandoned shed until the realtor called it a rare alpine Shackteâu with unobstructed views and listed it for $2 million.