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1. A prolonged pronounciation of the curse "shit". Used when something is especially pleasing to hear.

2. Used as a negative response.
1. "I got a new phone!"
"Shiiiiiiiiiiiiiiiiiiiiiiiit!"

2. "Would you like to go to the movie with me?"
"Shiiiiiiiiiiiiiiiiit, you crazy."
by RogueFox February 24, 2005
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