Something that becomes pimp (awesome, or fuckin' sweet). NOTE: A temporary quality; something may not be pimpstatus all the time. I could be now, but maybe not in 10 minutes.
Something that is beyond awesome. A stronger way of saying awesome. Created by part-time supergenius and full-time madman Taro. It's a combination of the words "pimpstatus" and "radical".
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.