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Phrases:
1. Acronym short for "Not In That Way"; typically appended to a directly preceding comment during a chat to indicate that any seeming innuendo within the previous comment was unintentional.

2. Acronym for "Not In This World"; used as a response to an overly optimistic or otherwise unlikely comment, to assert the unlikelihood of such an event actually occurring.

Other Uses:
1. Acronym for "National Institute of Technology, Warangal"; Established in 1959, and formerly known as the Regional Engineering College, this Indian institute of higher learning has an emphasis on academic programmes based within engineering, pure science, and management disciplines, as well as supporting research programmes covering a broad range of studies.
2. Acronym for "Night In The Woods"; A very well received, narrative-heavy indie adventure game set within a world of anthropomorphic characters.
1. "Yeah, his bike is awesome. I wish he'd give me a ride." "NITW!"
2. "I'm sure if you just explain it, people will understand." "Pssh, NITW."
NITW by SphericalSyndrome December 10, 2017
Related Words
Not In That Way. Used when somebody has said something that may be take the wrong way. Mainly when one person has a dirty mind.
Alex : He didn't come.
Emma : LOL!
Alex : NITW!!!
NITW by AlexLynch April 30, 2006
An abbreviation of the game "Night in the Woods".

And amazing game around mainly four characters:

Greggory Lee, Angus Delaney, Mae Borowski and Bea Santello.

I don't want to spoil it, but it's an amazing story game I think most would enjoy.
Nitw is a cool game
NITW by GreggLee October 12, 2020

stir-fried nitwit

Although Norm graduated from Stanford, he's just a manipulative, stir-fried nitwit.
stir-fried nitwit by Miguel Valdez October 29, 2007

No Nut Nitwit 

A cocky bastard that uses those shitty cheap ass "Nut Passes" during No Nut November. The guy might even download the image so he can reuse it and continue to jerk his dick like a tire pump and say he won something. This guy probably cries when he doesnt get a participation trophy.
Bruce: Carter has already jerked off 13 times, and its only November 4th!
Adam: What a fat shit, I heard he uses nut passes as an excuse to reproduce with his hand!
Bruce: What a No Nut Nitwit, I bet his hand smells like crusty socks and expired milk!
No Nut Nitwit by Ocide November 3, 2022
He's a complete nitwit
nitwit by Geoff September 13, 2003