What is You're The Shit?
1.
It is a compliment towards someone. It roughly translates to, 'You are the coolest." Other adjectives could be in place of coolest, such as, most awesome, best and any other complimentary adjectives.
Bill exclaimed to Joe, "you're the shit!" after Joe took Bill to a party and had enormous amounts of fun.
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When you purchases an outrageous number of songs on iTunes one after the other when you original intention was to only purchase one song..