Reflexive Verb (v): Being Bilbo Bagisn'd means one has just been shuddered at, in surprise and alarm, while trying to reach for a marijuana smoking device. The person doing the bagginsing will generally mimick the suprised and alarmed face of Bilbo Baggins yelling "don't touch it!", or some other defensive speech pattern, while hiding the bong as if it is the most precious thing in the world to them.
Stoner 1: Hey dude lemme hit that Shii--(while reaching for bowl)
Stoner 2: (turns away erratically while pulling bowl in safer area next to his chest), exhibits some strange noise as a manifestation of a defensive and alarmed response, or yells, "don't touch it"
Stoner 3 to Stoner 1 " ha you just got bilbo baggins'd son!"
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.