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1.
1> Another word for nit, gimp, gimpburger, loser.
2> The name of the person that when you sit down at a computer, and there is only one chair, gets to sit in it.
1> "ARGH YOU IBIT, IM GUNNA MERK YOUUUUU"

2> "she's so cool, shes the ibit"
by FLAEIITGHH August 25, 2008