this italian word has a double meaning.
(koo-làt-tow-nah)
1. crude for "gay", "faggot". Literally it means "huge-assed
man".
2. Lucky guy. In italian "che culo!" (ke kooloh) means literally "what an
ass!" and means "Great luck!". So culattone means "lucky guy". As its referred to
definition 1., often it's used to underline one's luck adding a personal envy in it.
You got a ticket to see the derby? Che culattone!