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A catch-all, placeholder phrase. Usually shows up under duress. Most commonly used when the speaker has no idea what the hell is going on or what he's going to do. Similar to a combination in connotation of the military FUBAR and hoo-ah.
The word hoit may have originally started as an alternate spelling.
"Aww, hoight, I have no idea--wait, here we go, I got it."
by Brandon January 26, 2004
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