When you have to lift your low-hanging stomach fat to see your genitals, can be used for any gender. Word originates from Peter Griffin from the television show "Family Guy" having to do this act in order to see his genitials.
Wife: "Tom, do you have an erection?".
Husband: "Im not sure, lemme Peter Griffin-it.
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.