Just another way to say 'so cool' or 'so great'. Most likely originated from US fighter pilots and their slang.
Ex 1
He thinks he's hot shit just because his daddy buys him any pair of J's that he wants. But let's see that bitch nigga on the court.
Ex 2
That wing-wiper thinks he is such hot shit because he pilots an F-16 and dropped some eggs on some towelheads. But let's see him handle the superior maneuvering capabilities and speed of the F-22.
He thinks he's hot shit just because his daddy buys him any pair of J's that he wants. But let's see that bitch nigga on the court.
Ex 2
That wing-wiper thinks he is such hot shit because he pilots an F-16 and dropped some eggs on some towelheads. But let's see him handle the superior maneuvering capabilities and speed of the F-22.
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