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Shut it down 

To end a situation of your making because it has gotten out of control.

To call an end to a situation that is heading in a direction you don't like.

Usually used in a humorous manner to highlight that you don't approve of a situation
You organise a work social event and after a few hours it is descending into drunken chaos so you call 'OK, shut it down'.

You and friends go to see a movie that turns out to be of poor quality or distasteful so as it gets to a particularly bad scene you call 'Shut it down' as you walk out.

shut it down 

1. Remaining at an establishment for recreation until the small hours of the morning.

2. Doing a thing the best, hardest, most full out that it can be done.
1. "How late were you at the club?"
"I SHUT IT DOWN, HO!"

2. "What are your plans regarding the Lil Wayne concert tomorrow?
"I'M GOING TO SHUT IT DOWN!!!!!
shut it down by nahdog212 August 3, 2011

shut it up 

usually said as 'shut up, shut it up' its harsher then just saying 'shut up' and much cooler sounding, also.
guy 1: 'youre a total n00b, man.
guy 2: 'shut up, shut it up! i could pwn you any day.
shut it up by jorsh April 23, 2006

shut it down 

The beginning of the end, generally used to inform "The Boys" of the green light you have recieved from a female who is willing to mate.
"Whats the deal with that hot body you've been talking to?"
"SHUT IT DOWN"
"I understand and will speak to you in detail tomorrow."
shut it down by Kabouta July 16, 2008

shut it down 

to call for an end to someones tomfoolery or shenanigans
dood, you cannot drink more busch heavy than me.. shut it down
shut it down by boodism December 2, 2011

shut it down 

to give your girl/boy an amazing sexual experience that connects you with the universe
Jimmy shut it down for me last night!!! OMG IT WAS FREAKY LEAKY!
shut it down by meeshabeesha April 18, 2010