A reference to the size of the maleweener when it is extremely flaccid, and somewhat exposed. Most often accompanied by tighy whities, a t-shirt, spandex, a wetsuit or similar.
When my friendgot out of the lake in a wetsuit, it was as though someone had placed a short stack of nickels in the area where his his genetalia should be. Everyone was made aware of this, and laughed histerically.
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 $2million.