Another term for a "boom boom room" or somewhere where there is an assortment of women and sexual activities going on and on an ongoing basis. A strip club could be considered a "poon palace" as well as a brothel, an after hours spot or a party house where there are known to be lots of hedonistic events on a regular.
"oh you done turned this motel into yo own lil poon palace, huh patna?"
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.