Sorry. Not true. If you read it on the internet, it's *probably* a load of S.H.I.T.

http://www.snopes.com/language/acronyms/s.h.i.t.asp

Ok, that sucks. The URL was just censored.

Here's the same URL again - just time, take out the periods in the offending word and it will work.

Or, just go to http://www.snopes.com and do a search for S.H.I.T.