Etymology

metric shitload

Today it means: A very large number or amount. Full definition →

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The story

Jocular extension of shitload (“a very large amount”), absurdly treating it as a unit of measurement (which could have a metric counterpart). Regarding the synonymous phrases a shitload of and a ton of, the coordination of ton versus metric ton is most likely the precedent by which shitload versus metric shitload was jocularly inspired; compare also metric fuckton.

Etymology from Wiktionary, CC BY-SA 4.0.