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S.H.I.T. 

An acronym that stands for "Sexual Harassment Investigation Team." Because as we all know, 99% of "sexual harassment" claims these days are, in fact, a crock of shit.
Suzy filed a sexual harassment claim against Bob because he said she looked hot in her new outfit. Sounds like a S.H.I.T. case if you ask me.
S.H.I.T. by JustAnotherGuy December 28, 2004

s.h.i.t. 

A way to crush someones dreams when they think it's friday. Stands for 'Sorry hun, it's Thursday.'
James: Haha, T-G-I-F!
Katie: S-H-I-T...
s.h.i.t. by Wonderful Aishas July 7, 2005
Computer term

System Has Interrupted Task

The PC has S.H.I.T
Itself i.e it has hung and stopped processing any tasks
S.H.I.T by nwing March 5, 2009

S.H.I.T. 

S.H.I.T. FTW
S.H.I.T. by mndz_mkl October 1, 2009

s.h.i.t. 

The realy meaning...not making it up...
Store High In Transit. Because they had to mark it on manure when shipping it across seas on ships.
Hey, did you mark S.H.I.T on the poo under deck??
s.h.i.t. by Tammi B. August 26, 2005

S.H.I.T. 

So Happy It's Thursday.

Much like Thank God It's Friday (T.G.I.F.)
Person 1: "Tomorrow is Friday, the weekend is near!"
Person 2: "S.H.I.T. I am so excited! Let's celebrate!"
S.H.I.T. by A man named Joseph December 13, 2010