When you lift the top off a toilet and take a shit in it, causing a disgusting job for the person who has to clean it up. First publicly referenced in American Pie; Beta House, when the guy takes a dump in the top of the john while yelling Hocker Knocker baby!
Dude 1: So did you score with that chick who took you to her house last night?
Dude 2: No man she was a total prude and I couldn't get any
Dude 1: So what'd you do?
Dude 2: I pulled a hocker knocker and ditched that bitch!
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.