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1. shizznet
it means bangin'...somethin' hot
damn dawg, cxt's rappin skillz are tha shizznet
2. Shizznet
1) A collective noun that could refer to anything. Can be used in a sentence, possibly when talking to another person about getting something.

2) Can also be used when talking about gear for a certain object

Examples:
1) "Yo Bob, I'm getting some new shizznet today!"

2) "I need to get some computer shizznet soon!"
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