A phrase coined by the late Marge Schott, owner of the Cincinnati Reds baseball team, in reference to some of her black ball players. Marge felt they were overpaid athletes and resented having to pay them such high salaries.
Application of the phrase has expanded and can be applied to any wealthy black people, though it is usually confined to athletes, entertainers and celebrities.
Ryan: "Did you see that new Rolls-Royce Phantom parked in front of the Mondrian on Sunset?"
Cody: "Ya, it was lowered, had blacked-out 22" rims and tinted glass. I'll bet some million-dollar nigger owns it."
Joe: You had better pay me back for that weed
Nig: with what?
Joe: dont you have any cash?
Nig: oh yea man right here
Joe: what the fuck are these?!?!
Nig: food stamps=)
Joe: ok ill take it htis time but next time no nigger dollars!
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 $2million.