It's a way of saying something or someone is a good shit. However, instead of saying 'good shit,' you could just say it's the ghit.
When she was getting low, that was the ghit.
by Kidd-Kiddo March 28, 2008
"Google hits" - the number of results returned when a particular Google search is made. The term is often encountered typed on Internet forums.
I Googled myself and got 155 ghits.
by Draeco July 28, 2009
moron, idiot, fool, etc. used as an insult when someone does something stupid, or annoys you.
why dont you piss off you ghit!
by dev October 26, 2004