A more literal phonetic spelling of how the phrase "shit out of luck" is often pronounced in common speech, with the "out of" being combined into one word.
After my friend's car broke down, was dumped by his girlfriend, and fired from his job all on the same day, the only thing I could think to say was "Man, you are just shit outta luck today".
An unlikely occurrance of good fortune/luck; Very Lucky. Derived from Celtic or Scotish folklore when one is out walking in the wilderness or a remote area and happens to come across an outhouse when in dire neeed of defecating;
Shit-House Luck.
That bastard has Shit-House luck, He's got Shit-House luck, It was Shit-House luck to get out of that one, Shit-House luck prevailed, "Shit-House" luck happenedthat day