In 2001, a friends younger sister Katie genuinely asked her sister "Have you seen my furry purse?" to which came the reply "no". Her sister said "You sure? it's pink and furry....." at that I laughed and it bacame personal slang for something pink and furry.
Later in 2001 while on a hockey tour in South Wales, the team I played for latched onto it, hook line and sinker. It stuck and obviously travelled.
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.