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in the shit 

being in a really bad situation; feeling screwed
Fuck me, we're in the shit for $200,000.
in the shit by Gordon R. May 24, 2008

Winnie the Shit 

Winnie the Pooh's evil brother.
Winnie the Shit, Pooh's evil brother, is pure evil.
Winnie the Shit by adonkeyisaass February 23, 2004

Niggered the shit out of 

1) to take advantage of, especially to over-consume one's share of something that is available to only a small group of people

2) to rightfully obtain that which does not belong to you

3) to destroy in a drunken stupor or rage; to fuck shit up

4) to get work done in an efficient and timely manner

5) taking one's penis and consensually plummeting it into the female genitalia violently
1) Man, I niggered the shit out of those free doughnuts.

2) I niggered the shit out of his grill, right off his front lawn.

3) I niggered the shit out of his yard and mailbox last night.

4) We niggered the shit out of house cleaning just in time for the 'hos to come over tonight.

5) I just niggered the shit out of her in the back of her daddy's new car, and she liked it.

is the shit

"Is the shit" is a phrase that is grammaticly incorrect. The phrase implies that something, or someone "is the shit", not suggesting the negative meaning of the word "Shit". The word "shit" is infact transformed in to a very strong, positive word, when put in this sentence; it can describe almost everything.
My bike is the shit

Andrews mother is the shit

pancakes is the shit

I am the shit

he is the shit

she is the shit

you are the shit

they are the shit

And if maybe a picture is taken and (ex) a car is pictured, it can be discribed like this; Car is the shit. or any other adjective, subs. verb. etc.
is the shit by Carl Fernandez July 21, 2008

im with the shit 

Meaning down to do whatever.
Having ability and the mentality to say fuck it
Friend : You shot that nigga?!

Me : Hell yeah

Friend : you weren't scared?

Me : nah im with the shits
im with the shit by Amarie March 7, 2014

With the shit 

Having the ability to shoot anybody in the face if needed to. Being down to do whatever, whenever and having a fuck it mentality.
Terry: What did you do last night?

Robert: I robbed a bank with my niggas to get my bread up.

Terry: Wow weren't you scared?

Robert: No nigga I'm with the shit
With the shit by JennyCash January 8, 2014