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A fancy way of saying I'd rather eat a rat than do whatever you're asking me to do.
'I don't do that shit', said by a kid who just got caught eating lunch in the classroom.
'I don't do that shit', yelled at the teacher after being asked to clean the chalkboard for the 10th time.
'I don't do that shit', texted to my mom after she asked me to walk the dog again.