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1. Acronym for the National Invitation Tournament, a men's college basketball tournament held in New York City's Madison Square Garden every March at season's end. 2. As it is considered secondary to the more prestigious NCAA men's tourney, it is often thought of as the championship for 73rd place, as the NCAA selects the top 72 college teams in the country, leaving the NIT to choose from the next best 32 teams. 3. What most average American Joes are actually living to achieve in their rather ordinary, mundane lives, whether consciously aware of it or not.
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