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When something is/was fun, cool, awesome e.t.c...
Hey did you go to that bangin' party yesterday

Yea! It was lit
Lit by ItsLit🔥 August 15, 2016
My friend Kerrianna is a LIT.

Your mom is a LIT.
LIT by Litface June 10, 2010
a southern term for landed; used almost exclusively for flying insects
The fly lit on the table.
lit by old south May 25, 2009
Fun awesome fucking sick always refer to a party or some sort
That party was lit
Lit by Jake205 October 5, 2016
verb: In CS:GO, the amount of damage a player deals to an enemy player after being killed, usually communicated over in-game comms to teammates
Player 1: (sprays and prays mp7, then dies pathetically, sees "Damage given: 69")
Player 1: "Damn it, I lit him 69"
Lit by Tcobli September 20, 2016
Cooler than cool ever was, ever.
Brah, that party last night was hella lit.
Lit by litshit69 September 5, 2016