JustBits (Just what is a bit?)
A small portion, degree, or amount: a bit of lint; a bit of luck.
A brief amount of time; a moment: "Wait a bit."  
A short scene or episode in a theatrical performance.
A bit part.
A particular kind of action, situation, or behavior: got tired of
the macho bit, the whole Wall Street bit.
A matter being considered: What's this bit about inflation?
An amount equal to one eighth of a dollar: two bits.
An indefinitely short time; "in just a bit."
A small fragment; "overheard bits of their conversation"   
A bit, rather or somewhat; a little bit sleepy  
A bit much, somewhat overdone or beyond tolerability  
Bit by bit, by degrees; gradually: Having saved money bit by
bit, she now had her freedom.  
Do one's bit, to contribute one's share to an effort: "She did
her bit to make the programs successful."   
Every bit, quite; just: every bit as good.  
Quite a bit, a fairly large amount: There's quite a bit of hot
air in the office.   
Bachelor of Industrial Technology (B.I.T.)  
The smallest unit of computer memory, binary digit (rather
than "bigit" or "binit”).