The best. What everyone is talking about. What everyone is afraid of.
Tristan's jam was the shit.

Ayo, this chron is the shit freshy was runnin' bout.

Emilio wasn't afraid of shit, he didn't run away from shit, cuz he was the shit.
by AlphaQ January 14, 2006
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a term used frequently during the use of narcotics (especially marijuana) to fill in gaps of silence in conversation.
momentary silence
"...Man...This...is the shit"
by curtis November 26, 2003
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the best; great. when the word "the" is taken away, it has a completely opposite meaning.
"my father was a drug dealer"
"that must have been the shit!"
"it ruined his life and landed him in jail!"
"that must have been shitty."
by ella October 30, 2004
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Meaning something great or good; IE dope, cool, phat, etc....
The weed we smoked last night was THE SHIT!
by AC February 22, 2004
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