Term used to impart a sense of self-pride, satisfaction, and complete superiority to one's peers. The equivalent of saying - "I am the shit, and you know it" or "I'm one bad mothafucker".
Should never be used as an agreement, as one might use word or boom, because that might imply a degradation of one's superiority.
Gabriel: ...and if you lean a little closer you will find that my shit really doesn't stink.
John: What?!
Gabriel: Bim!
John: Wow, that girl I saw you with is pretty hot!
Gabriel: Bim.
John: Hey, check out my new kicks. Aren't they cool?!
Gabriel: .....
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