The creator, Brian Nho of Windsor Ontario Canada, is an AzN who loves Gangsta rap. Saying shit wasn't good enough for him, so he created a word that could be elongated and was more "gangsta." The word was shiet, and it is pronounced "Sheeeeeeeeeeeeeeeeeeee-it" and often used in the phrase "shiet homey." No real meaning, and hilarious when Asians say it.
Shiet homey dat blond gurl over dur doesn't wanna get up in hurr!