storage shed

An object, typically a person of relationship significance, used as an emotional dumping ground and/or punching bag.

Paul, I'm not your storage shed, you can't unload your issues on me and not expect me to react.

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tool shed

A slut (a tool being a male reprodtive organ, a shed being a place to put it.

Andrea is a toolshed

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Tool Shed

A bar with a very poor male to female ratio.

Dude, lets go to another bar, this place is a fuckin tool shed.

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shed load

An immense amount - possible derived from the amount you can get in a shed - or the description of the amount of crap that covers the road (almost specifically designed to kill motorcyclists) when a lorry sheds its load.
Originally heard as Royal Marines slang.

"What do you fancy doing tonight?"

"I dunno, but Bomber has got a fucking shed load of vodka in his fridge and Sally has just got a copy of the porn movie she starred in"

"I'll get the coke!"

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shedding snake

When your boyfriend's member sheds disgusting skin flakes.

Girlfriend: "Kyle, you pig!"

Kyle: "I'm sorry hunny... my snake's shedding its skin."

Girlfriend: "Yeah, well that shedding snake better not come near me."

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Carpeted the shed

To maintain and groom the female pubic hair (i.e. bush) to convey a pleasing appearance of the vagina (i.e. her shed).

Chris: Did you get any from Marie?
Kevin: Yea, we did oral and she really carpeted the shed!

Shag shed

a place (a hotel) you go to have sex with someone

Just booked a shag shed for us.