A word derived accidentally from a typo of the spelling of spotted. Often used to describe someone wealthy who misplaced their money or is having trouble relocating it.
"Greg spooted his money."
"He is SO spooted."
"He's my little spooted." =)
When a individual is acting as if they where to be on drugs, but are clearly sober. So when someone is acting like a dumbfuck or even just being a small hint of a annoying, you can use the word Shtooted. It can hold hella wait or it can mean nothing at all and be a harmless joke. Very versatile.