look up any word, like fellated:
 
1.
1: things you do while intoxicated
2: an activity that is really enjoyable.
1: Bob and Mary were so drunk that they had alot of fun shit to do.
2:Charlie: Do you wanna smash some mail boxes?
Bob: Sounds like some fun shit.
by Carl Jockey December 06, 2008
 
2.
When someone tells you what they are doing and you want to be nice but it sounds lame.
Me: Hey, what are you doing?
You: Sitting at home playing video games.
Me: Funshit.
You: ....
by RedBitch May 17, 2011