Yiddish for HUGE penis admired by others. The reference is to the person as a schmuckaluvich because with a schmuckaluvich that attribute overshadows all else.
That schmuckaluvich has got it made with the girls.
Yo, schmuckaluvich, why don't you share some of that action?
Hey, Herbie's going out with that supermodel...is he a schmuckaluvich or what?
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.