2 definitions by Misukiko

When someone has done something that you deem worthy of some form of award, but have nothing to give, so you give them the satisfaction of "ten points". The points have no real life value, but it's just something silly scene, punk, or indie kids say.

A term commonly used online. It originally came from the term "oh shit" but as newer users on sites began to use chatspeak, they blended the words together to form "ohshit".
After that, one typo and it turned into "hoshit". Just like how "owned" became "pwned".

The term can also occasionally be used to show excitement.