the amount of time in the air whilst doing any activity - usually of the sporting variety, like windsurfing / snowboarding / skateboarding / free running etc
"Dude, that was some krazee air time!" (when talking about a big jump off a wave when windsurfing)
1) Calling not to be the on to do something (like shotgun, but in negative terms)
2) to be disgusted with something and to show dislike permanently
1a) -Shot not gay!
1b) -someone's gotta drive me home cause i'm to drunk
-Shot not
2a) -do you like anal?
- ah shot not
2b) Look at the slut over there
- shot not dude