A phrase used to describe a person who is beyondnormal frugality or thriftiness. This person usually refuses to spend money on anything and is disgusted when they are forced to do so. Instead, they rather take any other option to avoid paying for anything.
“She is so cheap and tight fisted. She is squeezing a pound out of a shilling”
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.