generally used to describe the kids from the rich end of town who think money equates to character, but are devoid of same. Also those who think they are somehow more important or valuable because their PARENTS have money.
"jenny's hot, but she's such a snobby bitch! what's her problem?"
"she a cabbage patch kid"
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.