(n) - a peice of creative writing that is done seriously, but is deemed so shat, that it was taken as satire. Hence shatire

It’s an acronym standing for Can’t Remember A Fucking Thing. It’s usually used to describe embarrassment at being unable to remember someone (CRAFT moment); going onstage as the lead in the latest theatrical performance and your mind goes completely blank (CRAFT situation); the next morning after a night when you got pissed as a fart and woke up in bed cuddling a traffic cone and a string of fairy lights wound round your prick.

A peice of creative writing which was written seriously, but was so shit that it seemed like a purposeful satire. Hence shatire.