1:To be all the shit and a bag of chips, you must be better than the best, the shit, all that
2: To think you are all the shit and a bag of chips, but really are an obnoxious idiotic sheen/tool Coined in Toronto
1:woah, that car is all the shit and a bag of chips!
2:God, my boss thinks she's all the shit and a bag of chips just cause she can tell people what to do. But she really doesn't even know what she's doing
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.