1.A pseudo-expletive usually preceding and exclamation point.
2.a compound adjective used to described something that is of the religious Shiite muslim faith
1. Student 1)Holy Shiite! I bombed that test on Muslim feminist theatre
Student 2) That totally sucks, dude.
2.Newspaper headline- Iraq insurgents bomb holy Shiite shrine
Nickname given to bales of marijuana thrown overboard or out of airplanes. Origin is reportedly from members of the US Coast Guard in the area of Southern Florida.