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nit 

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someone who is lazy, likes to drink beer, likes to sit on the couch with at least one hand in pants (preferably two), attends class no more than 3 hours a week, watches porn at least 2 hours a day, and knows the definition of "shit list"
ArtieB is a nit. Raffi is a nit. Naveen is a nit. Dan is a Nit. Vish is a nit. Ha$h is a nit.
nit by ArtieB October 28, 2003

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A racial slur, used to derogatorily describe Homo-Sexuals
I hope that Nit gets aids; All Nits should burn in hell.
NIT by Johnathan889 November 1, 2010

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Hey is John in our NIT training yet?
No he's still a fucking cracker
NIT by Cadet Wilson August 6, 2019

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ayo the nits here
nit by rattyiggle October 22, 2020

Nit 

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a small niple looking pimple on a male genital (nipple/tit)
Jerrys so sick,i saw his dick and it has a NIT on it.

nicholas n samuel
Nit by sam December 23, 2004

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"Not In the Tournament" refers to the loser's tournament during March Madness for the teams that didn't qualify for the NCAA March Madness Tournament...NIT actually stands for National Invitation Tournament
The Florida Gators played Ohio State in the NCAA tournament in March 2007, in March 2008 the Gators are playing in the NIT tournament..
NIT by sl.uf.nyc March 31, 2008
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