It simply means SHIT: feeling like shit, looking like shit, smelling like shit, and tasting like shit.
In the movie Goonies, Chunk said "you smell like fizzat!"
by younoknowme November 24, 2012
1 more definition
Gettho way of saying Fat NOT phat. Normally spoken by someone of the darker community who consistantly insists on using uncomprehensible vocabulary. Ex: Snoop Dog
Snoop Dog: Snibbidy dibbidy y'all yo mamas so fizzat she beez fi ta the z ta da zat fo sho she cant beez gettin tru da do with y'all word up ma dawg yo!
by gattsu April 16, 2007