A 'hackback' is when you devastatingly (and at exactly the correct moment) cut through a flow of verbal abuse being directed at you - by using your own brutally accurate observations about your assailant's lack of intelligence, lack of good looks etc. All of those then pale into insignificance, as with rapier-like accuracy, you finally observe that your assailant is also well known in his or her peer group, as being someone who is completely unable to string any sentence together that lacks at least ten repeated swear words.
"Who says words can't kill? I looked at the bully and then chose my exact moment to deliver him a killer hackback. He left me and my friends completely alone after that."
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.