Any item or concept is capable of being 'that shit'. Roughly analogous to 'it' or simply 'that'. Also appears as 'this shit'.
Can also refer to reefer.
Synonyms for that shit
On this page, you will find 30 slang terms related to that shit. Some of the top words include: coagulated, shiznit, Jobby, shitty, dadue, and 25 more.