- Noun - A point in time when a feeling of relief, excitement overcomes a person.
After filing the 3rd Qtr 10-Q for Petrohawk, which entailed 2 wks of working 70+ hrs a week, the Petrohawk engagement team got up and screamed, "It's Peanut Butter Jelly Time ('PBJT')!"
Ususally used as an inside joke between family guy fans. Although they may think that it is an inside joke, it isn't because almost everybody knows it.
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.