Someone angling for a position of leadership within a school, often referred to as Prefect. A blue tie hunter will often partake in activities solely for the purpose of being seen as "contributing to the life of school" and racking mad popularity with the teachers. The phrase arises from the blue tie awarded to prefects in a particular Sydney school.
"Mate, you know that guy's doing cadets, the musical, rowing, rugby, choir, band, debating, swimming and athletics."
"Yeah mate, he's a blue tie hunter for sure."
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.