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Shat Basket 

A basket that holds heavy loads of shit and can be cared around to scare away child predators or just straight up weirdos
Hey Oliver dont forget to bring the shat basket

Shat Their Basket 

Farted, but not a normal fart. One that smells like poop and causes people to evacuate the vicinity.
Oh man, someone just shat their basket..

shitbasket 

extremely drunk to the point where you do not even remember your own name.
Mike: "Dude, I don't even know my own name right now man. I'm just here man!"

Dave: "Dude, you're pretty shitbasket right now. Let me drive you home"
shitbasket by Mr. Dave'O May 20, 2007