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1~Pro-noun.That which describes the mind blowing essence of an action, person, place or thing.

2~Pro noun. Used to describe the highest degree of respect to an individual.

Not to be mistaken with or associated with "the shit" or "the shizzle"

Origin~ Originating in small town suburbia. Used to satisfy the need for gangster talk by Christian kids around their elders.
"That blonde hair kid is the phoshizznit"
"That back flip was off the phoshizznit"
by The Phoshizznit July 02, 2010