One of those miraculous phrases that makes the English language great. Depending on how it is said, can signify either genuine suprise or annoyance with the obvious.

First case: often said slowly, emphasizing each word and with "shit" often raised slightly. = "You don't say"

Second case: usually said quickly and without as much emphasis, for you really just want to get on with your life and not listen to this fucktard anymore
by ToastedBread July 6, 2011
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The state of being totally over something.
I totally need to move out of this backward town...I have the shits of it!
by timmy leary September 25, 2010
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When something is really cool, awesome, or in someways really interesting in that time
Sort of like "That's what I'm talking about"
-"Look at the Lamborghini, that's the shit"
-"Yeah man, that shit is Legit"
by Arminrmhp1234 July 25, 2009
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Something that kicks ass. Not to be confused with shit, which is something that sucks ass.
by dj gs68 October 30, 2003
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When something bad happensshit on it
Omg gran just git hit by a car “shit on it
by Bum hole licker July 4, 2019
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The best. Originated as a term to describe high quality drug substances. IE, "this is good shit."

Evolved to common usage for any item of high quality. However, in typical usage, the article "the" is required to denote superiority. Without the word "the" prefacing the word "shit," a different, usually negative, meaning applies.
This joint is the shit./This is potent marijuana.
His new car is the shit./His car is excellent.

This joint is shit./This is poor quality marijuana.
His new car is shit./His new car is not desirable.
by Joshua Cox March 29, 2005
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