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1.something really cool.2.used to express joy in something/ express that something is really or very good.

1. Yo man this rollercoaster in the shiznit!
2. Dang i can't believe you stood up to that bully! you're the shiznit!
3. This pizza is the shiznit.

see also the shit.
by Jane_Doe_88 May 19, 2006
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Aug 7 Word of the Day
A celebrity free pass is an agreement between you and your significant other that if you meet said celebrity and there is an opportunity to sleep with them, your partner cannot get mad at you for doing so because you had agreed before hand that this person was your celebrity free pass. It is ideal if both of you in the relationship choose a celebrity free pass so that the playing field is even.
Julia met Drake at a bar, and hooked up with him, knowing that her significant other could not be mad at her, because Drake was her celebrity free pass.
by gingerale011 March 25, 2011
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a word invented by a girl named Kryctee from NJ in the early 90's. now widely known everywhere and used to death, it has never been rightly credited.
that girl Kryctee was the shiznit. she was the most unique person i ever met. she made everyone around her snort soda out their noses from laughing so hard.
by Kryctee made up the shiznit January 19, 2011
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