1. The new replacement of the phrase "Da Shizz" which in turn was a replacement for "The Shit". Used generally to describe awesome internet videos and dance moves.
Guy 1: Dude check out this video I found on Youtube called "Guy listens to Parry Gripp songs while screaming leave Britney alone while a dramatic chipmunk recreates 2 girls, 1 cup in a balloon guys house when Old Gregg sings Numa Numa with Tay Zonday on keyboard."
Guy 2: Aw man, That sounds like Da Jizz, Man!
Guy 1: It IS!