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1.
derogatory term for a person who is acting cheap, stingy, or uptight (the behavior of the stereotypical Jew), but is not of the Jewish faith.
Branden: Come on Ryan I'll pay you back later, just lend me 5 bucks

Ryan: No way!

Branden: Wow, really? Dude you're a jewbit.
by B. Stein May 08, 2010
 
2.
Pennies
The cashier ran out of jew bits to make change
by zack the hack December 18, 2011