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A contraction of f*** it most commonly used out of boredom of something, or anger. The f*** is cencored to just "F" while "it" is left at the end. Together "F" and "it" make "f-it" and that becomes "effit".
Guy 1: Gaaaaaaaah

Guy 2: OMG RU OK?

Guy 1: I'v lost over 9000 lives manray surving in SMG... ya know what... effit.

Guy 2: Don't worry I'll do this level for you.

Guy 3: Ug! I't been 2 hours... effit I'm going upstairs
Effit by Creeper Jones June 9, 2010
Related Words
“Fuh-kit” (verb) phrase or expression. Typically used without mothers approval.
"Some times you just gotta say Effit"
A disorder defined by lack of interest, day dreaming, persistant instant messaging of colleagues and compulsive social networking caused either by boredom or being way in over your head with assigned duties.

Generally a contraction for f*** it.
Editing these 500 KB articles has pushed me to have the effits.
effit by M. Moriarty May 17, 2010
#EFFIT - A PUNK BAND FROM ORLANDO
#effit, let's just say effit, and go see effit.
Effit by Robby Rock June 2, 2018
Also known as an ‘eafallopian tube’
A word used by one’s uncle referring to ‘easy bitches’, that is, women that are easy to have sex with.
Paris Hilton is such an effit
Effit by spoken_deity October 23, 2008

effie (FV) 

Did you take your effie (FV) , because I'm horny and I think you should go cowgirl.
effie (FV) by manshark June 9, 2015