In computersoftware - it means to publish / distribute the application in its current state. Often used humurously when the software is buggy and clearly not ready to publish.
Tester - "The game crashes whenever you attack an enemy"
Programmer - "Ship It!"
1) The affirmation of a suggested act of extreme awesomeness
2)OR a reinforcement of the awesomeness that has occured in the past.
3)OR the act of giving someonesomethingawesome.
Dude1: Let's go get drunk with these hot chicks?
Dude2: Ship it.
Dude1: Did you score with that hot chick last night?
Dude2: Consider it shipped.
Dude1: You were wasted last night.
Dude2: Yeah, that cocktail waitress shipped me seven jaeger bombs.
What makes the phrase sometimes funny/abrasive is the implied 100% ownership of "it" (i.e., come to papa).
Often implies a diminutive order (Send it, sucka!) to immediately send/give whatever "it" is to the speaker (Dat's ALL mine; hand it over!) and it is usually said in a self-congratulatory tone (I am awesome, it is awesome, thus it is mine; ship it).
Poker usage: "Ship it" conveys a confident and impatient 100% ownership of the money in the pot. Saying "ship it" with a mediocre-but-still-winning poker hand usually gets a laugh, especially if you say "Ship it" after showing your weak hand but before you see the other person's weaker hand. It also usually gets a laugh if you say "Ship it" when the pot is tiny and uncontested... ship it, ship it all.
When you shiptwo characters (typically from cartoons/anime) so hard that you have to mention the shipping service, fedex to add extra emphasis on the pair you are shipping.
-person is watching something with a friend-
Person1:"Whoa! that was good, especially the part with frank and tina!"
Person2:"Yeah I totally ship it."
Person1:"really?"
Person2:"Yeah man I ship it like fedex!"
another term for a station wagon, mini-van, or any other kind of vehicle that is targeted at the "family" demographic(also M.A.V.)
"Tactical advantages aside, the M.A.V. is top of the line for the holy warrior troop transport manufactured by the Church of Latter Day Saints Military Industrial Complex. Also great for family trips...to heathen lands."