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Anything which is less than 50%
"Hey Will!"
"Yeah?"
"My drink only has a bit left in it, can i have some more?"
"Have you drank more than 50% of it?"
"No?"
"Then NO, YOU CAN'T, BECAUSE YOU HAVE MORE THAN 'A BIT' LEFT."
Whenever you ask an asian person if they've studied for a quiz/test/exam, they will usually reply with 'a bit'.. However, don't be fooled. You know that they've spent days studying because of their parents.
You : Hey Ching-Lau, study for that health test?
Asian: *Deep accent* A bit (inside head - for like 5 hours)
a bit by julian1234 May 19, 2010
Hey, hay dude, HAY
What?
How long is a bit?
a bit?
yeah?
about an hour and a half.
a bit by bradtastik January 23, 2008
A time period between 15 minutes and 6 hours.
"I didn't lie!" "I said I'd be back in a bit & its only been 5&1/2 hours!
A bit by Bcuteasabutton May 19, 2020
a short amount of time, usually less than 30 mins
a bit by dectom July 22, 2019
A phrase used to indicate any time period ranging from 5 minutes to five hours.

The term can also relative. If discussing a year, it could mean a few months.
I’ll be there in a bit.

I’ll be done with this job in a bit.
A bit by Gobbling gobble gobbler January 10, 2021