A euphemism for penis or dick. Along with being a slight dig at whoever it's used against thanks to the connotations of baloney (cheap, unwanted, undesirable, etc.).
Saying this will also immediately make you friends with any and all weebs who've watched Neon Genesis Evangelion since that's where this phrase originates from (the ADV Dub of the series from 1997 to be exact) to the best of my knowledge. Thank you, Amanda Winn Lee (ADR Script Writer and Voice Actress for Rei Ayanami) for writing and saying this!
Rei: Woaagh! You're the jerk who was staring at my panties!
Asuka: Hey, what do you mean by that?! You're the one who was flashin' them y'know!
Rei: Oh and who are you and why are you defending him? Are you riding his Baloney Pony?
*shock envelopes the classroom*
Asuka: We're just really good childhood friends! You shut up!
Hikari: Be quiet you two! We're in a class, not a bar!
Misato: Hey, this is more entertaining than class! Go on, I want to see how this turns out.
A relationship between two people who are equally as cool as each other. They are as individually awesome and fun to be around as they are when they are together.
Neither one depends on the other for their feelings of self worth- they know in their heart that they are just as valuable to the world as the other. Good looking, optimistic, and sparks a light in the world that people recognize that goes beyond a normal relationship.
In a powercouple, if one person is flawed, the other person makes up for their weaknesses in strength. Together they are the epitome of what anyone would desire in a relationship. They encourage goodness in the world and make it a better place by being together.
I'm a fan of those two, they are such a power couple, the epitome of what anyone would want in a relationship.
I am envious of them because they are a power couple.
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 $2 million.