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1.
variation of the word legit or legitimate sometimes used in place of chill or cool
Hey, 'sup man?
im jus chillin
Thats lagit
by Z October 21, 2004
 
2.
Jarett Tucker.....you better believe it
well do you know what I'm LAGIT
by Nonya D. Buisiness December 25, 2010
 
3.
A misspell of the word "legit".

Used to indicate a person that lags. Lag-it. Lag-git as the word Faggot.
Example 1

Player 1: I play fair and square.
Player 2: That is totally lagit.

Example 2

Player 1: How did you kill me? I killed you first!
Player 2 : Don't worry about it, that guy is a lagit.
by uberduck February 28, 2007