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It's a form of the word "legitimate." It can be used if something is true or valid to a certain situation. A person can be "ligit" if he or she is extremely trustworthy in a certain situation.
"Look it up on Wikipedia." -- "Man, is that shit ligit?"
OR
"Does he really sell crack?" -- "Yeah, he's the ligit."
ligit by Jesse's girl May 2, 2007
Related Words

ligitassfuckinglyness 

Ligitassfuckinglyness means people who are ugly and can’t get anybody and is lonely so they have to use a vibrator. And have sex with an eraser or a bedpost because there to lonely.
boy yo look at braelyn, she’s hot

girl wtf she’s a ligitassfuckinglyness
Consiting of awesomeness. Awesome to the extreme. Totally fricken awsome.
Dalton is NOT under any circumstances, ligit. See also the Ligit Gangstas of Blackness with a Hint of Vinegar, or Team Legit.
LIGIT by :)WhatIsThis<3 April 17, 2009
Ligit -Meaning Cursed To Always Be Right, Untouchable,Cant Be Outsmarted, The Very Best Of The Best
Mike Is Always Ligit When It Comes To Music,Girls,Family,Freindships, Or Anything Else For That Matter :).
Ligit by Ligit January 14, 2005
Yo this dude is liggit trippin
Liggit by Superblackman28276 November 6, 2016
The idiots way of spelling Legit. Short for Legitimate.
omg guuurl. lastnight waz totes ligit. i was so shawasted.
Ligit by I'm smarter than you. December 4, 2010