A more literal phonetic spelling of how the phrase "shit out of luck" is often pronounced in common speech, with the "out of" being combined into one word.
After my friend's car broke down, was dumped by his girlfriend, and fired from his job all on the same day, the only thing I could think to say was "Man, you are just shit outta luck today".
by EvolutionKills June 17, 2014
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