A slang word used in substitution of "shit",
Most cases if you are "The shiznits" then they are saying you are "The shit",
"Oh P-Diggity-Dog Those dance moves make you the shiznits!"
~ Example from a club
by DJMazzyG June 8, 2010
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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 December 1, 2003
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Shiznitful is a word developed from "shiznit." It means the same thing as awesome, most of the time.
by MissMysterious March 21, 2009
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Yo fanqueeshah, get off mah rang-dang, ah gots no monay cuz mah ebumacation aint be the shiznit.
by :) June 20, 2003
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synonym of shit. Often used by persons who easily take offense to vulgar language.
That's the shiznit!
by Bungalow Bill November 1, 2001
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