a term used to describe a particular amount of bev, bev being a small, crappy little poser dick. the "wad" refers to the precise quantity of bevs needed to maintain this bevness.
"hey man, get a load of that chunky assed bevwad"
"jeeeesus, that is one serious wad there man."
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.