means no, first derived from a scottish word for no, "nit".
-"the gig's cancelled tonight, drummer broke his arm"
- "oh schnit! thats crap."
name for an wannabe emo who is ginger- whether naturally ginger or has attempted to dye his/hair from black to blonde resulting in a ginger colour.
"check that gwemo over there"
"gads, shes needs to redye her hair!"