Often credited to The Matrix, but actually first appeared in popular culture in the 1984 sci-fi movie "The Last Starfighter" when the main character's little brother sees a robo-duplicate of his brother.
When someone comes suddenly and you were not expecting and you felt terribly frightening. You were so frightened that you meant that the person made the shit comes out from you.
It is a compliment towards someone. It roughly translates to, 'You are the coolest." Other adjectives could be in place of coolest, such as, most awesome, best and any other complimentary adjectives.
Bill exclaimed to Joe, "you're the shit!" after Joe took Bill to a party and had enormous amounts of fun.
It is commonly known that the in the minute an individual dies, any feces in the body will immediatley leave due to intens rectal relaxation, so when saying "I will beat the shit out you" you are suggesting that your beating will result in death and rectal discharge of fecal matter
"Put the bunny down, or i willbeat the shit out of you"
"If you go near me with those bees, i will beat the shit out of you"