Any equation of the form $$x^n+y^n=1$$ represents a superellipse. But when I plot $$x^{999}+y^{999}=1$$ I get something uncanny. 
This is certainly not a superellipse. What is this shape called$?$ Is desmos not working properly as it is not giving the plot of a superellipse$?$ Is this because of the high power in the variables$?$
Any help is greatly appreciated.
In the positive quadrant your picture really does show a quarter of a superellipse (and it nearly looks like a square, as it should, because of the high power).
If $x$ and $y$ are both negative, then obviously $x^{999}+y^{999}$ is negative as well, so it can't equal $1$, and your picture correctly shows no curve in that quadrant.
And if $x$ and $y$ have opposite signs and absolute value greater than $1$, then we must have $y \approx -x$ in order for $x^{999}+y^{999}$ to equal $1$, so you would expect to see something which looks much like the straight line $y=-x$, so your picture is correct there too.
In order to get the full superellipse in all quadrants, you need to use the correct equation, which is $|x|^{999}+|y|^{999}=1$.