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Old-school terminology that is used to convey your approval of something. It used in a regard similar to that of shiznit.
The Beastie Boys you know we come to get down
Because I've got the flow where I grab my dick
And say oh my god, that's the funky-shit
by sacktapdeluxe March 03, 2009
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3
a similar meaning to that of 'the shit'. Mostly old skool folks refer to this word.
oh my gawd, that's the funky shit!
by Shaneo October 17, 2003
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5
n. Marijuana or other substance used for the same purpose.
Hey, bro, pass da funky-shit!
by Tara Incognita March 18, 2004
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