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It's the shizznizzle 

Used similarly to "it's the shit."
"Dwight from the Office on SNL? It's the shizznizzle!"
It's the shizznizzle by fatatookay January 24, 2010
Related Words

shizznet 

it means bangin'...somethin' hot
damn dawg, cxt's rappin skillz are tha shizznet
shizznet by cxt December 11, 2008

shizznizzatical 

Shivam and molly are so shizznizzatical
shizznizzatical by Pateezy March 5, 2008

bo' shizzie

To accuse someone of falsetruths.
Street version of Bullshit.

Can also be abbriviated to "Bo' shiz" , should the time be appropiate.
*while playing card game 'cheat' "
"Bo' Shizze Mandy! I saw that!"

or,

"Oh shut up colin, that's a load a bo' shizz if I ever heard one!"
bo' shizzie by bAitEn_kAitOs August 25, 2005

the shizznit 

The modern-day equivalent of "the bees knees". Absolutely the best. Derived from Southern California slang, by way of Snoop Dogg.
Damn, Dude, that sack you hooked me up with was the shizznit!
the shizznit by Cap'n Sweaty! October 9, 2003
an expression used when something could be described as "badass" or "awsome"
Shizznit by Coco November 10, 2002