1990's British term for, "See you then, bye", and is still in widespread use.
Jordan: Good game, good game, in a bit.
Stephen: Until next time, in a bit.
by Fievel Vertowitz May 9, 2018
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"Hey Will!"
"Yeah?"
"My drink only has a bit left in it, can i have some more?"
"Have you drank more than 50% of it?"
"No?"
"Then NO, YOU CAN'T, BECAUSE YOU HAVE MORE THAN 'A BIT' LEFT."
by God of all words and such sort January 10, 2012
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when someone bullshits you and you bullshit them back, sometimes continuing until someone cracks/laughs
elijah daniel: i thought you were doing a bit! i thought you were trying to be funny so i was like “oh that’s funny, (the concealer you used as lipstick) is gonna get all over his teeth
by 287405 November 16, 2017
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Binary digIT - the least amount of information there is, i.e. yes or no, true or false, on or off. Eight bits make a byte
What is the bit-rate of that modem? How many bits per second does it handle?
by mistweb October 13, 2003
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An unspecified short amount of time (usually less than an hour).

Can be used to indicate that events will follow a normal timescale, or otherwise be used to postpone an event for a time.

A 'bit' usually refers to the expected or average amount of time that should be taken to complete the task in question.
When postponing an event, however, a 'bit' can be considerably longer.

Eg, If you are due to visit a friend who lives a 15 minute drive away, to be round 'in a bit' could indicate that you will be there in about 1/2 hour, 15 minutes preparation to leave and 15 minutes driving.

The expression 'in a bit' is often used in Midland dialect as a farewell, similar to laters.

'A bit' should not however be confused with 'Quite a bit', which always indicates an unusually large amount of time (or something else), and is analogous to a 'while'.
"I'll be round yours in a bit"
by oracle October 27, 2006
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Prison lingo for a usually short prison sentence.
I got a three year bit for robbery.
by DirkD January 26, 2007
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