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1.
An ugly dick.
"I was about to get hyphy with a nigga last night, but he had a mean shallop !!"

"Old bob was about to dip his balls in a bitches mouth until she looked up an saw his shallop and left like she was never there."
by sdnation August 20, 2009
 
2.
a lovely color, varying from the user. Usually a cream or white color, with tones of pink and yellow. Ideal for a wedding dress. The most perfect possible color ever.
"gee! i want my wedding dress to be shallop!"
by Via March 16, 2007