A pair of shorts worn over sweatpants(think rocky balboa). Athough Shants were a popular choice among the fitness obsessed of the late seventees and early eightees, the undying gem of a fashion craze can more than likely be seen amoungst nyc hipsters.
That dude looks mad tight in those shants!-or-Sqeeze those glutes Tommy! Put those Shants to work!
Shants are the emo version of pants. They are to short to be considered pants and to long be considered shorts, thus recieving the name shants. They are usually worn by emo kids during the winter months because their emo cult doesn't allow them to wear regular pants.
Oh man it's January and negative tenoutside, I better wear some shants because im so cool I don't have to wear regular pants to stay warm.
It was determined by the vice principal that Johnny was not "sagging" in his pants (a dresscode violation), but rather that he was simply wearing a pair of shants.