What does 'lit' mean?

Im going to start off by saying Im fairly young. Seriously 1 month away from being 20. So, other hip folk.... does look lit translate from literally o

I'm going to start off by saying I'm fairly young. Seriously 1 month away from being 20. So, other hip folk.... does look lit translate from literally or light?!?!? Think about it. .OR____is it just a term used when you're under the influence?

or:I'm going to start off by saying I'm fairly young. Seriously 1 month away from being 20. So, other hip folk.... does look lit translate from literally or light?!?!? Think about it. .OR____is it just a term used when you're under the influence?

or:It's under the influence.I see a few peaple use it to mean cool but rarly.

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