Old, Dingy, Banged up, And possibly Dirty piece of property one must own.

something thats beat and shitty at the same time

someone/something so beat its like shit

It is commonly known that the in the minute an individual dies, any feces in the body will immediatley leave due to intens rectal relaxation, so when saying "I will beat the shit out you" you are suggesting that your beating will result in death and rectal discharge of fecal matter

To masterbate publicly or privately

To beat up really, really badly. It's like nearly dying. But worse, because you lived.

It is when you hit someone very bad; bitch slapping. When you become excessively violent with someone.