A more enthusiastic version of the word "fit" to describe a member of the opposite sex. Not only are they "fit" they are really "fit" thus rendering them "Phit!!!!!!"
You are watching a music video when Beyonce comes on in a gold bikini. You say to your mates, "Phit!" They will understand what you mean.
by Rob D. Vyne July 12, 2004
Originated on LS1.com, now on LS2.com, a member named MJSBossman punched a 12 year old boy at the movie theaters because he was being an annoying little prick, the term was coined by Bravo on LS1.com. Variations included PYITS, PMITS, PTITS etc
That guy was pissing me off, so I PHITS.
by LS1.com sucks April 16, 2004