Originally conceived in Houston city-data based off the rantings of a forum smartass, "coconut shucker" just means you're like the coolest thing since Elvis ate sliced bread sandwiches with the Fonz. When you're a "coconut shucker," every guy wants to be you and every woman wants to be with you. And you drink Dos Equis.
That dude Chad is such a coconut shucker... the life of the party every time! I wish I could be just like him!
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