The exact meaning of 1337, just adding the z0rs on the end makes it more 1337. ;)
man! he uses all tat maj0rz 1337z0rs h4x0rs! (This is the first time that I have encountered a triple z0rs in my life. I shall cherish this forever... *sniff*)
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.