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the shit 

The best of the best. Nothing greater than it. Not to be confused with shit, which is the most often the complete opposite of THE shit.
the shit by D-Wolf January 3, 2005

the shit 

Something that is amazing. Not to be confused with "shit," which means horrible.
Yo, that car is the shit.
the shit by yeah, ok November 29, 2007

the shit 

1) (adj) Anything that kicks ass.

NOTE: Not to be confused with "shit" which is a derrogatory term meaning something entirely different.
The new South Park episode was the shit!
the shit by fraghappy November 6, 2003

the shit 

When a specific person believes they're the best at everything (sports, video games, their car, getting girls, etc.) and everybody loves them.
Primary Example: *Ford Kineth Kemp*

Max Naifeh: "Damn Ford, you are so good at everything you do. I mean you car is the best when mines a piece of shit, you get girls all the time when all I do is drink and get fat, and you are so much more athletic than me. YOUR'RE THE SHIT FORD!!!

Ford: "Max, please for the last time, I already know all of this.

Jack Love: Ford can I maybe suck your dick?

Ford Kemp: No Jack, thats what you do for Zac Turner. I get super models remember?

Unnamed Girl: Hey Ford, what's up??

Ford Kemp: It's now or never baby!!
the shit by Slap Dick 69!! November 24, 2009

the shit 

A slang term used by an American soldier in the Vietnam War. Ment to be the action of a battle.
the shit by Mike G. May 5, 2004

the shit 

The best - a very interesting phrase as the word THE is the most significant since without it a different meaning applies.
This beat is the shit! = This song is of high quality!
This beat is shit! = This song is of poor quality!
Imma be the shit baby, check me out!! = I am going to be the best Mina, check me out!!
the shit by Thomo9 November 9, 2009