More than 15 minutes but less than 30

A shorter way of saying that someone/something has "bit the dust", died, or no longer functioning.

Gunraj term for Goodbye.

Binary digIT - the least amount of information there is, i.e. yes or no, true or false, on or off. Eight bits make a byte

used to describe someone as a bitch, to shorten the leangth of the word bitch.

first used when speaking "short languge", shortening words by excluding the middle or last syllable, still leaving the word understandable by others hearing you say it.

An unspecified short amount of time (usually less than an hour).

Can be used to indicate that events will follow a normal timescale, or otherwise be used to postpone an event for a time.

A 'bit' usually refers to the expected or average amount of time that should be taken to complete the task in question.
When postponing an event, however, a 'bit' can be considerably longer.

Eg, If you are due to visit a friend who lives a 15 minute drive away, to be round 'in a bit' could indicate that you will be there in about 1/2 hour, 15 minutes preparation to leave and 15 minutes driving.

The expression 'in a bit' is often used in Midland dialect as a farewell, similar to laters.

'A bit' should not however be confused with 'Quite a bit', which always indicates an unusually large amount of time (or something else), and is analogous to a 'while'.

1) Used in the online youtube acting community to refer to a scene or period of time in which the actors are in character.

2) Used to distinguish whether or not an actor's actions or emotions are part of the character they play or not. This is especially common within contexts such as the Minecraft role-play server Dream SMP, where actors shift in and out of character constantly and the lines between acting and not acting are blurred, and what is considered 'canonical' in the plot is quite loose and up to interpretation. This is especially true since the characters the actors play are often similar to their own true personality, due to the casualness of the setting and the way in which many characters evolved naturally over time through improv, drawing large parts of themselves from the actors personalities, rather then being planned beforehand.

The term likely originates from television acting, in which a 'five-or-less' or 'bit part' is a role in-between an extra and a supporting character. To be considered a bit part, the role the actor plays must have no more then 5 lines of dialogue and a direct interaction with one of the principle actors. Cameo roles by famous celebrities are often bit parts.