A goup of friends or your squad that is fun or cool.Also could be refering to a person who is your friend and telling them something was fun or cool.
Ex:Person one: that was lit fam

Person two: yea that party was lit

Ex : me and my friend were lit last night
by Rayray03 February 21, 2017
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When you are a pyromaniac and you light your house on fire for pleasure then you sit down and watch yo fam get crusted.
That's one nice lit fam
by scusemebiatch October 30, 2016
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A gang or group of individuals who get high all the time and trap hard. Often misused by rich white kids who are pussys that think they are hard and try to give them selves the image that they get high and trap all the time when in reality they don't.
Real Lit Fam: My lit fam just made 100k last week pushin this dope
Pussy Rich Kid: *tweets* Thet hate us cuz they ain't us #LitFam #Swag
swag trap hard pussy
by ABCDJKMOW January 13, 2015
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When you are a pyromaniac and you light your house on fire for pleasure then you sit down and watch yo fam get crusted.
That's one nice lit fam
by scusemebiatch October 30, 2016
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An expression used to address one's group of friends. Similar to "What's up?"
As Sarah walked into the club she asked, "What's lit fam?"
by starbieslover58 January 18, 2018
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If you say this your are brain dead
Teacher trying to act cool: hi lit Fam dab.
Other people:what are you autistic
by DFZR June 04, 2018
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