What is The Shit's Tits?
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Mostly you would say something is "the shit" if it's bangin or something, but if it happens to be particulary phat, you could elaborate, saying something is "the shit's tits" being the best or most valuable part of the shit, or the "best of the best."
igg 1: You ever had Smirnoff Ras with Cranberry and Grapefruit juice?
igg 2: Yeah dude, that stuff's the shit's tits!
See
Random Words:
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Ending Of a Session By Deliberate Destruction
Person: N'Omg Wonder What This Does
* COMPUTER DIES*
Other: Uh Oh, El Session Endo..