v., the act of farting while simultaneously shot-gunning a beer. The mouth of the can is hole number 1, the "shot-gun" hole that you puncture in the can is hole number 2, and the fart makes your asshole the "third hole." This leads to the highest possible rate of beer ingestion during the shot-gun due to overcoming the vacuum of the can and your intestines simultaneously. May lead to defecation, aka the "Third Hole Bogey."
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.