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n: The small articles of clothing that cover bits of your skin. For males, this includes boxers, briefs, tighty-whiteys. For females, bras and panties
On Saturday, Joe likes to lounge around the house in his skibits.

Mary got soaked to her skibits after walking in the rain for twenty minutes.
by T-Rex2 January 25, 2009
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2
Skibit is a term used to quickly end an awkward moment. It is usually said when one has to tell someone to shut up. Skibit is usually said when one wants to end the disucssion abruptly.
Skibit.. skibit.. skibit....
by skibit April 04, 2005
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