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it's lit 

an adjective describing something hyped up by the people around

literally the most overused saying by Travis Scott on his albums
Ex.1

Person 1. Woah dude that was so cool
Person 2. Yeah dude its lit

Ex. 2
"Yuh Straight Up!!
(Higher pitched) It's lit!!!"
-Travis Scott
it's lit by SaladSpinner September 28, 2018

it's lit 

when something fun is happening or something exciting is happening and you and your friends are turnt up
oh shit, tonight it's lit, there's gonna be a party with a bunch of girls bro!
it's lit by whocares_ May 17, 2015

what's lit fam 

An expression used to address one's group of friends. Similar to "What's up?"
As Sarah walked into the club she asked, "What's lit fam?"
what's lit fam by starbieslover58 January 19, 2018

he's lit 

A term in any shooter game, usually meaning that one of the enemy players is damaged in one way or the other.
Person 1: He's lit for 90.
Person 2: OHHH WE GOIN HUNTIN BOYS
he's lit by Yoyoyobutthole May 23, 2019

It's lit 

When your painting a piece and it's turning out dope
Yo this piece is turning out dope, pass the aqua Rusto......it's lit
It's lit by flex master poo May 22, 2016

It's Lit 

A saying that you yell when you are having fun; typically with a group of friends.
I don't know about you but this party......it's lit!
It's Lit by Myquade January 5, 2017