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1.
The best. This word is very interesting. The important part of it is without THE, an entirely different meaning applies. My teacher is shit= bad teacher. My teacher is THE shit = greatest teacher
My car is the SHIT
od uživatele Andrewsky 04. Březen 2003
 
2.
The best. Originated as a term to describe high quality drug substances. IE, "this is good shit."

Evolved to common usage for any item of high quality. However, in typical usage, the article "the" is required to denote superiority. Without the word "the" prefacing the word "shit," a different, usually negative, meaning applies.
This joint is the shit./This is potent marijuana.
His new car is the shit./His car is excellent.

This joint is shit./This is poor quality marijuana.
His new car is shit./His new car is not desirable.
od uživatele Joshua Cox 29. Březen 2005
 
3.
Something that kicks ass. Not to be confused with shit, which is something that sucks ass.
IBC Root Beer is the shit.
od uživatele dj gs68 29. Říjen 2003
 
4.
diarrhea, violent crapping.
After eating those oreos I got a bad case of the shits.
od uživatele Pyro 21. Listopad 2002
 
5.
not just shit, but THE shit. saying just shit is something low class. but saying THE shit means its over the top cool.
person one: mah car is the shit.

person two: your car is just shit. its a ford escort, mon.
od uživatele T. Lex 03. Červen 2005
 
6.
When you got diarrhea, or liquidy crap about to spew uncontrollably.
"I got a bad case of the shits!
od uživatele Bob 10. Říjen 2004
 
7.
The best of the best. Nothing greater than it. Not to be confused with shit, which is the most often the complete opposite of THE shit.
Resident Evil 4 is The Shit!!
od uživatele D-Wolf 03. Leden 2005