More "urbanized" form of the shit. Basically means really, really good. Other versions include:hella cool,tight, the best.
Damn Tony! Your new ride is the shiznit! Lemme borrow it to drive by Mya's.
by Marimar June 10, 2004
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adj. 1) the best; 2) the greatest, in a certain category or universally; 3) gaddam' phenomenal, bi-atch!
Master says, "I'm the shiznit! Hell'z yeah!"
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Euphemism for "shit". Often used when in the middle of "shit" when you remember you shouldn't cuss in front of children.
"Oh shi...znit i forgot i was supposed to pay the phone bill!"

"Mommy, what does shiznit mean?"
by ocdbludsuker January 24, 2010
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a word thats used by an eleven year old who isnt allowed to say shit and is just trying to be straight up funny but seriously isnt
girl: i’m going to disney tomorrow!
annoying girl: oh shiznit! i forgot!
by shiznit kid November 02, 2019
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when something is so cool. or off tha chain. Another word for shit. Made popular by Snoop Dogg.
Nigga1: "Yo you like ma rhymes?"

Nigga2: "Damn fool, yo lines is da shiznit!"
by eastside4life June 27, 2006
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