1. an expression implying that knowing to much about an activity, situation or person tends to discourage one from involving himself with it, often related to sexual encounters
After Elliott told Devin that Kittyboot's friend from Philly had roast beef curtains, Devin replied, "Buddy, thanks for warning me... loose lips shrink dicks."
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.