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2.
Combination / play on words of the terms "as shit," as in "that was funny as shit," and "ass shit," as in "that was some funny ass shit"

Used as the ultimate adjective (when viewed in adjective form).

(something described asshit is much more than simply as shit)
Phil Mccrevis: Man did you see that To Catch a Predator that I was on?

Chris hansen: Yeah dude that was funny asshit.
by LurryDauve May 05, 2010
 
1.
used to indicate the superlative.
it's hot as shit in here!

that guy is cute as shit!
by ML March 31, 2004
 
3.
A suffix added to adjectives to intensify their meanings.
It is hot as shit in here.

That bitch is dumb as shit.

This Easy-Mac is tasty as shit.
by nrockshard August 15, 2009
 
4.
the blunt end of a bowl of marijuana being smoked, this smoke, or the "ass hit", tastes very similar to the smoke generated from a moldy wet banana peel burning on a citronella candle.
johnny was very poor, when he smoked weed he always made sure to take the "ass hit" to insure he got his moneys worth of marijuana
by bobadababi eytshaboi July 02, 2006