Internet term for "Oh, really now?"
used as more of a joke than a question in most cases. It originated from an internet meme The orly owl and was carried off into various slang and/or leetspeak (1337).
A good example of where this term may be used is the popular website, 4chan (since most internet memes were basically generated from 4chan).
The usual response to this phrase is Yarly or Ya rly.
Person one: Hey, Joe. I just got the new maps for halo 3.
Person two: Orly nao?
Person one: Yarly.
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.