22
It is a statement regarding poopy. It refers to excrement and the human predication to refer to slang words in the negative of their meaning. Shit is good, and to be shit in the slang world is a good thing and to be 'shiznit' or 'the shiznit' would elevate you in the heirarchy of your 'homies' or 'nizzles'. Often used in rap videos, or by causcasian youths trying to fabricate the experience of being an african american. Also, in slang -'Honky wiggers perpetrating like a mug' In this case, acting in this way would not be the 'shiznit'

See also - Malibu's Most Wanted; Snoop Dogg; Any white guy in Philly, NYC, and Little Rock as see on HBO.
My friend, you have done something that resembles the qualities of fecal matter. Excrement my fellow man, you are waste byproduct from human waste. Or..You mofucka, dats da shiznit. Shiznit bro you da shiznit. Word.
by Dr. Drew Rigler August 04, 2004
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23
Euphemism for "shit". Often used when in the middle of "shit" when you remember you shouldn't cuss in front of children.
"Oh shi...znit i forgot i was supposed to pay the phone bill!"

"Mommy, what does shiznit mean?"
by ocdbludsuker January 24, 2010
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24
A unit of shiz
S: Yo, how much useless shiz you got lying around here?
V: About 10 shiznits
S: Cool
by Mr.Shiznit June 18, 2012
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25
Shiz nits!

Dude what happened?!?!

I freakin' hit my toe against the table leg!
by emoteddylion June 27, 2012
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26
by Tom November 25, 2003
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27
someone or something that is just awesome, beyond words... just 'the shiznit'.
Roger: Courtney, you da shiznit!
Courtney: No, no, Roger... YOU da shiznit!
by Courtney April 30, 2003
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28
To say "That is the shit!" in idiot form.

Which means that something is great, not that it is crap, or poo, or fecal matter.

Why shit can be a good thing, I don't know
Don't be Hatin' y'all cause I am the Shiznit! Not crap!
by SpringLoaded November 30, 2003
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