Any item or concept is capable of being 'that shit'. Roughly analogous to 'it' or simply 'that'. Also appears as 'this shit'.
Can also refer to reefer.
Can also refer to reefer.
by zerfetzte May 17, 2011

an exclamation conveying a mixed sense of gladness and surprise over a matter of common interest between two or more people
Billy: "I just unloaded a major dump in our new bathroom!"
Tom: "Any residues?"
Billy: "Clean as a whistle"
Tom: "No Shit!"
Billy: "that's right"
Tom: "Any residues?"
Billy: "Clean as a whistle"
Tom: "No Shit!"
Billy: "that's right"
by heythewhat January 4, 2012

by OMG LOLZ!!!!1111+shit!!!! March 20, 2005

by J-ViZ December 25, 2007

by shabba28 February 20, 2011

by Jezca January 21, 2003

by John E. October 10, 2004
