1. Acronym for the National Invitation Tournament, a men's college basketball tournament held in New York City's Madison Square Garden every March at season's end.
2. As it is considered secondary to the more prestigious NCAA men's tourney, it is often thought of as the championship for 73rd place, as the NCAA selects the top 72 college teams in the country, leaving the NIT to choose from the next best 32 teams.
3. What most average American Joes are actually living to achieve in their rather ordinary, mundane lives, whether consciously aware of it or not.
Gus : y'know Zach, when you really get down to it, most of us muckety-mucks are struggling every day just to get that NIT bid of life.
Zach : what ? Y'mean we're all out here battling for a spot between 73rd and 105th place ?

Gus : Yep.
Zach : you could be right, partner.
by Virgin Suicides May 21, 2017
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Poker term describing a player who plays in a boring and predictable manner and is unwilling to bluff or gamble.

Typically, but not always, this player will only play solid starting hands, won't play early position without premium hands, doesn't defend the blinds, won't flat from the small blind in a multi-way pot without a decent hand, won't up the stakes in a home game etc. This person will tend to avoid gambling without an edge, whilst at the same time will take full advantage of any free drinks and/or food offered by a casino.
Kris: Let's play for bigger blinds this weekend, it's my birthday.
Mark: No.
Kris: You are such a f**king nit.
by KrisBuckley March 8, 2014
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Also known as Niggas In The Struggle which is inspired by the gang wars in the deep ghetto of Los Angeles. It is used to describe a black person in the sense of failure and such.
bob: that guy can't run and hes black!
jadondon: hes a NITS
by jadondonmafia555555555555 November 25, 2009
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A person who always asks for things
My friend Sam is should a nit today he won't stop going on about my food
by Ghostdog12 December 20, 2018
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"Nerd it out" The act of working to the best of your ability, regardless of adversity. Working hard and having no regrets.
"Got a big test tomorrow, got to NIT"
by engaged June 18, 2008
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Jake: I might go meet Kerrie

Reshay: Nit it, shes ugly
by 0113Guy January 6, 2014
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