In "Freakanomics," the chapter concerning trends in baby names includes an anecdote about a pissed-off aunt calling into a radio program because of the name given to her recently-born nephew. Yes, it was "Sh1thead," and it was pronounced "Shoo-teed."
Post 1 and 2 of this thread were the only other times I had heard that it had been given. How disturbing..
...damn, some people just need to be shot (wounded), ...or sterilized, maybe....
EDIT: ah...I've seen the Freakanomics chapter is quite popular.
...although I do remember it as being pronounced "shoo-teed"