It is a compliment towards someone. It roughly translates to, 'You are the coolest." Other adjectives could be in place of coolest, such as, most awesome, best and any other complimentary adjectives.
Bill exclaimed to Joe, "you're the shit!" after Joe took Bill to a party and had enormous amounts of fun.
by Betsy February 24, 2005

Strictly Italians and they know business. None of these little hometown "gangs" and bullshit that think they're cool cuz they smoke shit and pick on other kids.learn your shit before you call yourselves a mafia!
stupid conformist who doesnt understand anything: "dude, the ridgway mafia is supposed to fight the st. marys mafia tonight"
really ticked off person b/c ppl dont understand that *mafia* is strictly Italian: "what the hell? we live in red neck central, PA. right next to wiggers town"
really ticked off person b/c ppl dont understand that *mafia* is strictly Italian: "what the hell? we live in red neck central, PA. right next to wiggers town"
by Betsy April 20, 2005

a place where 95% of the uber scenesters and hip indie kids from all across the globe get together to show off their spiffy make-up, duds, do's and occaisionally don'ts as well.
by betsy February 26, 2004

by Betsy September 30, 2004

by betsy January 18, 2005

by betsy January 18, 2005
