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Apparently its the highest of high promises between friends and basicly "to five-it" is "to promise"
Person 1: I heard Bob talking trash about you.
Person 2: Seriously?
Person 1: yah.
Person 2: five-it?
Person 1: five-it.
five-it by Ginanmaca May 9, 2006
Words you can keep
To give a high five when a good joke or comment is made.
Amy- That singer is as bad as the girl on the first round of American Idol
Me- five it!!
Five It by Meghannn17 November 16, 2007
To finish a (especially alcoholic) drink.
Yo, Obama! Last day of the presidency. What are you gonna do with that expensive bottle of liquor?
OBAMA: I'm gonna fuckin' five it.
Five It by tedooooooooooo June 18, 2016

forty-five it 

To angle oneself (does not necessarily have to be a forty-five degree angle) into an uncrowded area outside or inside a train or bus to gain an advantage in finding a good place to sit or stand.
Looks like I'm going to have to forty-five it before that bratty kid gets missile lock on my seat!
forty-five it by pentozali April 9, 2006

i got five on it 

Phrase for claiming one's portion of a sack of marijuana, or hits from the joints rolled from it, typically one quarter of a twenty dollar portion. Also means to have a stake in, or some control of, a situation.
Nigga, I got five on tha twenty sack - Snoop Dogg, 'What's My Name?'
i got five on it by Lazy Blaze March 26, 2003

five on it

Putting in some money toward the purchase of an item or items. Usually indicates a willingness to contribute $5 on a $20 bag of weed.
"I'm about to see Joe to pick that up...you got five on it?
five on it by Big Daddy TJ May 8, 2006

five on it

Putting in some money toward the purchase of an item or items. Usually indicates a willingness to contribute.
We're gonna puff puff pass, you got five on it?

I've got five on that pizza.
five on it by Spirit Bear October 28, 2004
Word of the Day on April 27, 2006
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