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14.
The "Best". Similar to The Shit.

"Hot Shit" and "The Shit" both originated as inner-city terms to describe high-quality people, women, items or drug substances. IE, "this joint is HOT Shit."

The terms Hot Shit and The Shit are both very interesting oxymorons. The amusing part of it is that without "Hot" or "The", an entirely different meaning applies. For example: His shirt is "shit" = an ugly, crap shirt. -VERSES- His shirt is "hot shit" = a kick-ass, awesome shirt. The words "hot" and "the" denote the superiority.
Allison - "Hey, Afton, where did you get that Hot Shit T-Shirt with that nasty-cool "Fuck The World, I Eat My Sister" artwork on it?"

Afton - "What? Don't you know, Allison? Everybody who's rude-cool and halfway-hip gets their t-shirts at "World Famous" Evan Steel's HotShitShirts.com!"
by Evan Steel (HotShitShirts.com) October 28, 2009
 
1.
something that is hot, banging, off the chain, cool, etc.
Yo those jeans are hotshit!
This store has some hotshit.
Or when someone shows you something you like, say "HOTSHIT!" <-- used by philadelphians.
by BaBiEdoll November 26, 2003
 
2.
Better than all the rest.
1. The netting definition is hot shit.
by tyson January 28, 2003
 
3.
Someone who thinks they are the best
You think your hot shit on a siver platter, but youre really just cold piss on a paper plate
by PurpleCowMan April 06, 2002
 
4.
Refered to anything that is so fresh,cool,hot-it would even make shit melt!!!-hot shit is refered to situations,objects.Can refered by hot ass people to other people as well-it is always a possitive referal

-it is the key word of the famous rapper Busta Rhymes
"wow Mickey,had u tried Oskars weed-this is HOT SHIIIIT!!"

"Hot shit,hot shit,hot shit-c'mon!!!!!"- Busta Rhymes
by Benny D1 February 14, 2007
 
5.
At the top of the game, walk and talk like your the fucking Peso Grande. (Even and most likey if you aren't)
"That little freshmen was walking around like he was the 'hot shit.' I really want to beat his ass!"
by Riley Tuck May 08, 2006
 
6.
IN BRIEF: bullets, especially if their hollow points or shotgun shells.
NOTE: Hot Shit derives on the fact that the feeling of a bullet when shot in someone, once discharged, is hot and can do damage.
by Mr. Terrence L. Trezvant February 22, 2008
 
7.
It's hot shit, not warm diarrhea
You think you're hot shit, but really you're warm diarrhea.
by allholy1 November 12, 2007