What is Shit Out Of Luck?
1.
When a request or problem is described, this phrase is used to tell the person that what they need or are requesting is simply not possible/available and probably won't be in the near future. An "urban" variation of "out of luck".
Jill: I'd like to borrow your bike so that I can go down to the grocery store.
Jack: Sorry Jane, its got a flat, you're shit out of luck.
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2.
The state of being that a person is in when they finish taking a long, majestic shit, only to find that there is little to no toilet paper left on the roll.
"There was no toilet paper in the whole house. I was totally shit out of luck, so I had to wipe my ass with a towel."
"Man, that sucks."
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