Jail-bait refers to someone, who is often promiscuous, that is under the age of consent. JAIL BATE refers to when a prisoner sticks his penis through the bars of his cell to be jerked by a prisoner in the neighboring cell. It's when hairy palms are expected and going blind is someone elses problem.
I'm in prison for messing around with jail bait, but now earn two cigarettes a day by giving jail bate to my neighbor.
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.