When someone puts a dip, or chewing tobacco, in there butthole, then a friend takes the dip out with their tounge and returns it into the other persons lip to be enjoyed.
Greg: Tyler, my but still stings from dip diving lastnight.
The act of placing a dip of chewing tobacco into ones butthole, then proceeding to take it out with your tongue and returning it into your partners lip to be enjoyed.
Greg: I shouldn't have eaten taco bell before we went dip diving.
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.