The act of defecating liquid feces in a water balloon and throwing it at one's penis. It takes immense skill to be able to hit the target, and commonly hits the walls/floors.
Jamie gave me a splat job last night, and boy was it messy. It took me three hours to get it off of the walls, but you know what they say; Practice makes perfect.
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.