Eight Bit Edit Meaning

1.

1/16 oz of cannabis resin. Used to cost £8 and you were meant to get 8 joints out of it (but more like 3 to 5). Most dealers would not sell quantities so small.

Term used in the west of Scotland in the 1990s. I wouldn't know if it is still used (its likely that drug prices have changed since then).

unreliable scoundrel: Got any hash, Mr dealer?

Mr dealer: Alas not.

unreliable scoundrel: Not even an eight bit?

See hash, cannabis, sixteenth, weed

2.

The number of pixels that made up a picture or character in an old game usually on the systems like the NES or ATARI.

OMFG Nintendo is eight bit and it's still teh Ownz0r.