Used to describe something, someone or an event which is really annoying or stupid. Has more of a powerful meaning than calling someone a "piece of shit".
I told that "shitpiece" to turn the lights off 5 times now.
A person at the poverty level and expects everything for free.
Usually more than one of these traits are presented. Poor hygiene, never changing clothes, lives in a dwelling that has holes in the wall(s), excessive smoker, high usage of recreational drugs.
Man that guy is shitipe, he always asks for cigarettes and rides. I hope he gets his life together.
The part of a bank's or other lending institution's portfolio that is tied up in risky mortgages. Since many of these institutions are heavily into these loans, they become the 'big shitpile'.
The Big Shitpile Investment Banks are doing their damnedest to hide the full scale of their losses, by writing down only a little at a time.