In a bit

More than 15 minutes but less than 30

Ill talk to you in a bit.

In a bit

It's never going to happen.

"Will you lend me twenty quid?"
"Oh yeah, in a bit!"
The phrase 'Never seen it" can also be used although as the phrase is only used in the North West of England, it should be pronounced 'Neva sin it'.

Bit

A bit is an inside joke between a group of people

Person 1: Why do you guys keep saying "she just kicked my car"

Person 2: It's a bit; you wouldn't get it

bit

A routine or section of a routine during a stand-up comedy show of approximately 1-4 jokes in length.

I totally murdered the audience at the Hilarity House last night with my bits about how girls hate it when guys leave the toilet-seat up!

to bits

Expression used in conjunction with a verb, meaning very much.

My girlfriend's been gone for a month. She'll be back soon, but I miss her to bits.

Bit Bit

The tiny, rat-like chihuahua of Britney Spears, often seen attached to Britney's arm.

Britney only got Bit Bit because she saw how popular Tinkerbell Hilton is.

a-bit

a period of time over fifteen minutes but not exceeding 2 hours.

derived from asec

Just gimmie a-bit.
I'll be there in a-bit