A person who travels aimlessly from place to place with no established home and brags about it. Derived from the words "vagabond" and "brag".
"John just got kicked out...I have no idea where he's living, he keeps moving around. The sad thing is that he's acting like such a bragabond; he seems to be using his misfortune as an excuse to be unjustly happy."
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.