When you are drinking and a guy/girl rips the label off of there beer and hands it to you. That is an indication that the guy/girl wants to have sex with you.
"Cindy just ripped the label off her beer and gave it to Tom" "Yeah she's a real label peeler"
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.