What is Shiznits?
1.
1. Something either exceptionally good or exceptionally bad.
2. A variation of the word "shit".
1. "That movie was the shiznits!"
2. "You don't know shiznits; now go get me a damn beer!"
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2.
A very discreet way of saying shit.
Sometimes is mistaken for away of saying something is cools.
Todd: Hey we have a test today.
Bob: Oh freakin shiznits!!
Todd: ? I guess you studied...?
See