(pronounced kuh-nig-gits) noun (pl.) - a mispronunciation of the word "knights" used as a humorous or derogatory remark toward two or more English-speaking persons; specifically, those who endorse the English language.
English knights (kniggits) use knives (kuh-nives) to cutknots (kuh-nots).
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.