A hit

Slang for an assassination against a person, particularly a gang member.

Latin King member: Hey that puta killed my homie!

2nd Latin King member: Let’s put a hit on that motherfucker!

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$hit

In another place from the one you see it, this would be written "shit".
Sadly, one of two things is currently happening:
1: The administration of the website rigidly enforces censorship by blocking entire posts, or replacing all the letters of certain words with asterisks (*). Fortunately they have not got to the concept of censoring the other ways of writing that kind of $hit.

2: The writer of the word is far too sensitive and twee to write the word "shit".

There are other examples (such as fvck, tw@, and cvnt) of legitimate alternatives to words that are commonly used to emphasize something, etc.

I am so fed up of the ******* **** attitude about censoring that Yahoo employs on its forums.

$hit, there it goes again.

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hit on

to flirt with someone

I,m tired of being hit on by them.

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hit it

to engage in sexual activities with someone

guy 1: ey man check that girl out.. would you hit it ?
guy 2: been there, done that.. i hit it last weekend at her sister's party.

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hit it

to have sex or “tap that”

“dude your sister’s fine as hell, can i hit it?”
“yeah but i already did, it’s not that good”

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hitting on

Flirting with another person beyond a general acceptance of friendship.

BOY: Your body is simply breathtaking, and your long flowing hair....so perfect i can't put it to words.

GIRL: You are hitting on me.

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that hits

a phrase used to represent the fact that you relate to something or have been/are in a similar situation

friend: i pushed the project off for so long
you: that hits

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