what noncreative people (usually fraternity and sorority members) use to describe a reckless, drunk, and exciting night! people that use this word might also use words like "haggard" "legit" and "debauchery." It's also very common to use this as a facebook album title.
Omg last night at Sigma Gamma Epsilon was such a shit-show, I can't even remember anything, except that red cup I was holding in every picture!!!