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English word shiznit comes from English shit, English -iz- ((slang) An intensifier.)
shit (English)
(vulgar) Expression of worry, failure, shock, etc., often at something seen for the first time or remembered immediately before using this term.. (vulgar) To show displeasure or surprise. (countable, colloquial, vulgar) An instance of defecation.. (countable, colloquial, vulgar, in the plural, definite) (the shits) diarrhea.. (countable, uncountable, colloquial, vulgar) Solid excretory [...]
-iz- (English)
(slang) An intensifier.
shiznit (English)
(slang) (preceded by the) the best of its kind. (slang) stuff, things.