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1. Jack Shit
Poker term:

1) Traditionally refers to drawing Jack-Deuce as your starting hand, ie. "Jack-Shit"; a bad hand. Although may sometimes be extended to refer to a combination of a Jack with any low value card 2-7, typically.

2) Jack-Shit Poker - A variation on the familiar Seven-Deuce Hold'em. A pre-arranged additional reward is owed by one's opponents if he wins a hand with Jack-Deuce as his hole cards.
Player X: You had a straight?

Player Y: Nah, I had Jack Shit!
2. jack shit
when you are taking a shit and getting a handjob at the same time
what'd you do last night?
Jack shit....
Oh that must've sucked...
No... no sucking... just a handjob
3. Jack Shit
The combination of an unsuited Jack and Two as starting cards in Texas Hold 'em.
Wow, you just dealt me Jack Shit.. Literally..
4. jack shit
masturbating while taking a shit
I just took a jack shit
5. jack shit
Nothing, or something equivalent to nothing. Jack shit has the remarkable property that its absence and presence are identical. Typically used with or without a negative to describe a total lack of knowledge, value, or significance. Its use carries a strong negative connotation which can express frustration, disdain, ignorance, or other negative qualities.
I don't know jack shit about that. / I know jack shit about that.
It's worth jack shit. / It isn't worth jack shit.
I didn't get jack shit. / I got jack shit.
by cazort Jun 1, 2005 add a video
6. jack shit
the feces of a jack, i.e. a jackass. By extension, anything worthless or trivial.
You don't know jack shit.
7. jack shit
A poker hand, especially in Texas Hold 'Em, that includes a jack and an unsuited card under 10.
I'm gonna raise you and go all-in even though I have jack shit. Or, Aw, you're bluffin' me, I bet you have jack shit so I call.
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