the frizznit is the fresh shizznit, if not the freshest.
"yo dude, check out this beat, it's the frizznit!"
"nah man, is' ole!"
"but is' still hella frizznash!"
"damn, you right, it's still the frizznit fo' shizzle!"
"see? i tol' ya it was DEF!"
"nah, you jus said it was the frizznit.."