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1. Shiznits
1. Something either exceptionally good or exceptionally bad.
2. A variation of the word "shit".
1. "That movie was the shiznits!"
2. "You don't know shiznits; now go get me a damn beer!"
by Blah May 12, 2003 share this
2. Shiznits
A very discreet way of saying shit.

Sometimes is mistaken for away of saying something is cools.
Todd: Hey we have a test today.

Bob: Oh freakin shiznits!!

Todd: ? I guess you studied...?
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