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2.
You have just had an argument, or told a lie, and its very close to coming back to haunt you. This is the moment when you want to reply, but realise its too late.

This phrase can often follow:
*A stammering of non-linked words
*An "Oh no I mean"
*A deep breath
*It can also be said as the person is allready leaving/gone.
"Does my butt look big in this?"

"Your butt always looks big... oh no I mean, wait, shit."
by fleshandblood August 07, 2009

Words related to Wait, shit

crap dumb lol mixtake obama oh omg ouch regret shit stupidity
 
1.
Something someone would say after realizing what they just said or did was idiotic or bad.
"Dude, my dick is so big that if I laid it out on a keyboard, it would go from A to Z.

Wait, shit."
by Unconcious July 28, 2009
 
3.
What people said after realizing that Obama was the new president.
Yea! Mccain lost! Obama won! wooo hoooo!.....Wait, shit
by HornyFirecracker August 01, 2009