A term used to describe something that is exciting or cool. Can also be used to describe someone who is drunk or high.
Joe: *does cool trick*
bob: THAT WAS LIT!!
an object or idea that is cool sounding or cool for doing
That' so lit.
Pyong Chow: Wheres the lit?
Myong Chang: The plug is giving it to me tonight.
It's an Argentinian word, it is the acronym of 'literal'.
-hola, todo bien?
-hola, sisi, por que no fuiste a la joda anoche?
- es que "lit" que me sentía muy mal.