When one is even better than "the shit". One's coolness is all-encompassing, barely leaving any room for anyone else to be cool as well. Introduced by Kanye West in the T.I. song "Swagga Like Us".

As it was coined by Mr. West, it pretty much means you're a pretentious ass-hole if you say it. Plus, it's kind of a lame metaphor.
Example 1:

Kanye "How's it feel to wake up and the shit and the urine?"

Example 2:
"Oh man, Charles Bronson is the shit and the urine!"
by BoredInBrussels May 9, 2009
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Used to show when someone is pissed or having a bad day; pointing out when this has occured.
Damn, Josh has been acting like a real asshole today.

I know, I wonder who shit in his urinal.
by Aesios October 31, 2009
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A popular catch phrase used by the coke addict little wayne in which he means that he takes massive dumps in toilet bowls full of piss of another party.
by G.O.O.D music August 30, 2011
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