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1.
Usually a response to a wild or outrageous story exclaimed in disbelief or awe by someone of Redneck heritage.
Bubba: Cletus done went & killed a 12 point deer out in the backyard.

Billy Jo: Shit Far!
by Heather November 09, 2004
 
2.
Roughly the distance between Old East Campus and the Tritowers at NC State University

or

exactly .5 miles
Student A: Hey bro, wanna go to the creamery?

Student B: I want some ice cream so badly, homedog... but the library's like two shitfars from UT and I'm way too lazy to walk that.
by mr. wuf October 15, 2010