phrase enthusiastically uttered after doing something of note or used when encouraging others to do something of note. Sometimes said in conjuction with a mimed jump shot.
A: I am about to go to the boss with my new idea.
B: Take it to the hoop!
or
A: I am going to ask that hottie out. Take it to the hoop!
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.