A white (often pale) member, that is covered with multiple forms of sexually transmitted diseases, thus giving it the look of a block of pepper jack cheese. Especially common in uncircumcised members of the male population who are known to have higher rates of sexual diseases, and if unwashed can accumulate a cheesy residue.
"Have you seen Willy's junk? It's totally a pepper jack penis"
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.