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Can be used as a polite euphamism for 'shit', specifically where 'shit' is used as an inproper noun. This usage is prevalent online where expletives are scanned and rejected eg: corporate emails. Is often used on eBay.

Often used to replace 'shit' in 'the shit' where expletive scanning occurs.
I forgot to attach the shizm to my last email, here it is again.

For Sale
Isuzu Bellett
No reserve! Grandma car, 40,000 miles!
This car is the shizm! Buy it now!
shizm by bellettmonger October 20, 2008
Related Words
shizm is a word uesed as a substatute to the word "stuff"
"dude what up?"
"nothin bro just chillin doin shizm"
shizm by cory mellon March 9, 2004
It’s the new word in the hood real good. It comes from kizm and means cap
That’s mad shizm.
Shizm by Redhad May 5, 2021

FO SHIZM 

Those are the best chitterlings I have ever eaten... fo shizm.
FO SHIZM by Patrick O'Brien August 6, 2003

shimaidon Futago

shimaidon is genre in which someone is able to get their way with two sisters. Futago means literally twins, Shimadidon futago it's Shimaidon with exclusive twins
Step-sister is bland, the real thing is shimaidon Futago. Two piece of meat from the cow
shimaidon Futago by Goliathz February 10, 2021

Shimatta  

A light expletive, means "Oh, no!" or "damn!" in Japanese
Shimatta I'm gonna be fired for this!
Shimatta by HyunJoon August 6, 2008