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A word originating in the Upstate New York school system referrering to the jagged edges of a piece of paper torn out of a spiral notebook.
The teacher said that you could not turn in a homework assignment if the sheet of paper had libits.
Libits by BHG January 12, 2008
Related Words

Libbity Libbity Woo

1) An expression of frenzied and unrestricted enthusiasm. Often said with a creepy voice and a subtle smile. Slightly exclamatory in particular contexts.

2) Can be kindly intended to take negative attention away from people using stale tool vocabulary (its antonyms) e.g. "That's hella tight. I dig." Response: "Aw, Lbbity Libbity Woo, broskies! That's freakin' sweet!"

3) The more common and shorter version, "libbity libbity", is often said in a more yada-yada tone and is less contextual.
1. a) Initial Exclamation: "Let's go to a mufugin' theme park!"

b) Libbity Libbity Woo Response: "Libbity Libbity Woo! To the theme park!"

2. a) Initial Statement: "Ya'll are pretty coo white dudes"

b) Libbity Libbity Response: "Libbity libbity"
Libbity Libbity Woo by Kaisa September 13, 2011

libitina 

Libitina is a project by Team Salvato, the creators of Doki Doki Literateure Club. Libitina has trillions of theories including Doki Doki.
Team Salvato: Next year we are realesing a new game.
Us the players: Lemme guess. Its based on a girl, probably named libitina, like yuri from your previous game, and (unfortunatley) Monika is the hero.
Team Salvato: How THE HECK DO YOU KNOW THAT!!
Us: MATPAT AND ANY OTHER THEORISTS ON YOUTUBE, OR REDDIT!!!!
libitina by gametheoryfan December 20, 2017
The motherfuckin' definition of all you mofuckas.

liblit = yitch, yitch = bitch, bitch = female dog, female dog = vagina, vagina = sex, sex = human, human = earth, earth = universe, universe = god, god = creator of everything. so in short saying liblit gives you control over EVERYTHING
If yo teachah asks you to write a mofuckin' summary on the mofuckin' world today, you say Liblit. Because, YITCH.
One of the many, and most awesome, shortened version of the name "Elizabeth". Used by cute short haired brunettes in reference to her best friend.
Libith, you sing way to high. I hate you.
libith by LG125 January 10, 2009
liblit = yitch, yitch = bitch, bitch = female dog, female dog = vagina, vagina = sex, sex = human, human = earth, earth = universe, universe = god, god = creator of everything. so in short saying liblit gives you control over EVERYTHIN
It's like, the teacher asks you to write a summary on our world today. One word answer- LIBLIT.
liblit by TheAwesomeLink January 19, 2014