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Simple misspelling of the word shit, sometimes done on purpose in a poor attempt to avoid censors on message boards and the like.
Wow funny shiy, this game sux.
by Raptor March 22, 2005
A mixture of shy and giraffe-dependent.
Penny looks proper shiy in her profile picture.
by Anonymous1s1s1s1s1s1 July 31, 2013