Adjective; pronounced Sh-eye-v.(rhymes with hive. also pronounced in a new orleans accent as "sh-ah-v".; New Orleans street slang meaning cool, or good.
"Those new shoes you got on look shive."
This word is also used in the New Orleans rap duo Big Tymers, in their song "still fly". It is said in these lyrics: "Gator boots, with the pimped out Gucci Suit, aint got no job, but I stay shive, (i stay shive)." Most people confuse the word shive in the song with "sharp", because most people aren't from New Orleans, and aren't familiar with that slang.