is what comes from your mouth when you finally realize that at any moment the Federal Police will be a knokin' on your door
... a respected member of parliament for say 17 years has covered up his/her participation in serious crime that's destroyed the lives of many to further his/her career aspirations, deep in sleep one evening he/she wakes up in a sweat jumps out of bed turning into an awkward turtle he/she screams AWSHIT
Awshit is usually used when something really bad happens, or in a case of horrible shock.
Really Bad Event:
Awshit!! My CAR! FUCK YOU, YOU ANAL RENTENTIVE THUNDER CUNT!
Joe: Uhh...Jake? Behind you.
Jake: What, another puppet? *turns around*