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1.
Having a shitty internship or not looking forward to the prospect of having to look for an internship
"what are you plans this week?"
"oh I have to take care of this internshit it sucks!"

or

"what are those papers about?"
"oh thats just internshit"
by hyver345 July 06, 2009
14 3
 
2.
(n): A internship that produces no measurable value to the intern, possibly with false promises of real responsibility and/or makes you hate your life each day.
"Hey how's the project coming along at the manufacturing company?"

"Well, I just make coffee for my boss every day and unclog the toilet in the women's bathroom a few times each week. It's more like an internshit."
by doc1178 July 14, 2009
5 2