Owned. The word you utter when you've just been completely rocked.

The word is basically a mix of Shattered & Shitted, meaning you've been shot down or beaten, or just plain fucked over.

The example will help more.
Random Dude: Holy Fuck! My house just burnt down, and i lost my wife and kids in it! Oh my god my life is shitty! i just lost my job and car, and now my house and family!

Bettsy: Shatted....

or

B Rad: *Playing Battlefield 2* Fuck! i was seconds from locking on that F-18 and some fucker brought me down with an AAV
Dugong: Shatted...
by Bettsy@Tnnm September 1, 2007
When someone shitted real hard on something.

To OD (overdo it), to kill it
Yo, he has to be the winner of the freestyle competition...he shatted on his verse.

That chick shatted on every other girls' looks that nite. Did you see what she was wearing??

by Juanita4ev November 6, 2005
An exclamation of excitement for yourself or someone else. Origin: The excitement expressed when you realized you referred to William Shatner twice in one day
“That new job is going to be perfect for you...SHAT-SHAT!”
by tvchild December 11, 2020
And lo, he was shat upon, and he did weep for his misfortune.
by vexator February 19, 2003
The past tense of shit. Also used as a more "classy" form of shit.
I fear I have shat my pants, due to an excess of pheasant!
by Elizabeth Grey July 8, 2016
Affectionate yet somewhat insulting nickname for William Shatner, star of anything he gets paid for.
Hey man, did you hear? The Shat just released a new album. He makes fun of himself and still gets rave reviews!
by max July 11, 2005
shitting + chatting = shatting
I'M SHATTING
I'M SHATTING
I'M SHATTING

LAPTOP ON TOILET = SHATTING

http://shatting.ytmnd.com
by baconizer March 17, 2009