NIT

1. Acronym for the National Invitation Tournament, a men's college basketball tournament held in New York City's Madison Square Garden every March at season's end.
2. As it is considered secondary to the more prestigious NCAA men's tourney, it is often thought of as the championship for 73rd place, as the NCAA selects the top 72 college teams in the country, leaving the NIT to choose from the next best 32 teams.
3. What most average American Joes are actually living to achieve in their rather ordinary, mundane lives, whether consciously aware of it or not.
Gus : y'know Zach, when you really get down to it, most of us muckety-mucks are struggling every day just to get that NIT bid of life.
Zach : what ? Y'mean we're all out here battling for a spot between 73rd and 105th place ?

Gus : Yep.
Zach : you could be right, partner.
by Virgin Suicides May 21, 2017
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NIT

"Nerd it out" The act of working to the best of your ability, regardless of adversity. Working hard and having no regrets.
"Got a big test tomorrow, got to NIT"
by engaged June 18, 2008
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NIT

Kevin and Donald are nits.
by boogarun May 03, 2011
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NIT

A racial slur, used to derogatorily describe Homo-Sexuals
I hope that Nit gets aids; All Nits should burn in hell.
by Johnathan889 November 01, 2010
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NIT

Hey is John in our NIT training yet?
No he's still a fucking cracker
by Cadet Wilson August 06, 2019
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NIT

"Not In the Tournament" refers to the loser's tournament during March Madness for the teams that didn't qualify for the NCAA March Madness Tournament...NIT actually stands for National Invitation Tournament
The Florida Gators played Ohio State in the NCAA tournament in March 2007, in March 2008 the Gators are playing in the NIT tournament..
by sl.uf.nyc April 01, 2008
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NIT

An acronym for NerdInTraining, referring to one who is only slightly nerdy, but who greatly increases his or her nerdiness through nerdy statements.
I'm not a nerd, I'm a nerdintraining
by j00b November 06, 2003
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