Old-school terminology that is used to convey your approval of something. It used in a regard similar to that of shiznit.
The Beastie Boys you know we come to get down
Because I've got the flow where I grab my dick
And say oh my god, that's the funky-shit
Because I've got the flow where I grab my dick
And say oh my god, that's the funky-shit
by sacktapdeluxe March 04, 2009
"Oh my god, that's some funky-shit!"
by encino January 30, 2003
oh my gawd, that's the funky shit!
by Shaneo October 17, 2003
by Ashley Jones January 30, 2003
by Tara Incognita March 19, 2004