Has mulitple meanings. It can be used as a slang word for "bitch" or as a greeting.
What up biiit(bitch)? gotcha biiit (bitch)! BIIIT!
von Andy Muntzel, Chris Lester, Kevin Vandenburg 9. November 2006
1 more definition
Word originating somewhere in the midlands UK (probably in Stone) meaning "good bye". The 'iii' part of the word is uaually greatly emphasized.
"catch ya later bitch. inna biiit"
von D 18. Juni 2004