This is a new meaning of an existing word.
Meaning: excellent or exciting
Example: A student, upon hearing he got a good grade on an exam, exclaimed, "Lit!"
Where I've seen it: (1) in an email from a student (exactly the situation I described in my example), and later (2) on Facebook. Following these two experiences, I consulted with friends and found out it was in regular use with the meaning of "excellent" or, sometimes, "exciting."
Other information: "Lit" is the past participle of the verb "to light" being used as an adjective. An earlier meaning of this form was "intoxicated," but I rarely hear this use any more.
Meaning: excellent or exciting
Example: A student, upon hearing he got a good grade on an exam, exclaimed, "Lit!"
Where I've seen it: (1) in an email from a student (exactly the situation I described in my example), and later (2) on Facebook. Following these two experiences, I consulted with friends and found out it was in regular use with the meaning of "excellent" or, sometimes, "exciting."
Other information: "Lit" is the past participle of the verb "to light" being used as an adjective. An earlier meaning of this form was "intoxicated," but I rarely hear this use any more.