deriv. shizzle.
see shit.
1. trouble, danger etc.
2. lies, ridiculousness, folly etc.
3. an expression of anger, unhappiness, shock, surprise, pain etc.
1. you're in the shiznitnow!
2. that's bullshiznit!
3. oh shiznit!!! that really hurts!
The Defintion of shiznit can almost mean anything you want it to. Most of the time it means somthing beyond belife its so kewl!!! or it can mean the Sh*t
1. shit or crap in the context of saying 'oh crap!' or 'oh shit!' or possibly 'aww man!'. Only in this sence, you only say shiznit.
2. the best
'Yeah! that's the shiznit!'
3. A word which originated in the town of Lake Stevens, WA in the year 2006 by a 6th grader that was NOT allowed to sware. BTW. I am her best friend! haha