Knite is pronounced just like night or knight. It is combination of Negro and white, but with a silent k just to make it better. A knite is a black person who is so ridiculously Caucasian that they pronounce their g's at the end of an ing. This is the opposite of a "wigger" which a white person acting black. This is also known at a oreo.
Labron-"Dayum mayn dat gurl got her some juggs!!!"
Dion-"Yes, that female's breast are quite large."
Labron-"Dudez a knite!"
Dion-"Haha! Only white kids say that!"