WITTICISM

n. clever or witty remark

There are tree educational institutions abbreviated as WIT:Wentworth Institute of Technology in Boston, Massachusetts, United StatesWessex Institute of Technology in Hampshire, United KingdomWaterford Institute of Technology in Waterford, Irelandand a Belgian-Dutch direct democracy movement:Werkgroep Implementatie Tijdsgeest / Democratie.NuWIT is the ticker symbol for Wipro Technologies, India.
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Wit is a form of intellectual humour. A wit is someone skilled in making witty remarks. Forms of wit include: the quip and the repartee.
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Noun
1. a message whose ingenuity or verbal skill or incongruity has the power to evoke laughter
(synonym) wit, humor, humour, wittiness
(hypernym) message, content, subject matter, substance
(hyponym) jeu d'esprit
(class) libation

(n.)
A witty saying; a sentence or phrase which is affectedly witty; an attempt at wit; a conceit.
  

Synonyms and related words:
adage, ana, analects, aphorism, apothegm, axiom, bon mot, boutade, bright idea, bright thought, brilliant idea, byword, catchword, collected sayings, conceit, crack, current saying, dictate, dictum, distich, drollery, epigram, expression, facetiae, flash of wit, flight of wit, gag, gibe, gnome, golden saying, happy thought, jape, jest, maxim, moral, mot, motto, nasty crack, oracle, persiflage, phrase, pithy saying, play of wit, pleasantry, precept, prescript, proverb, proverbial saying, proverbs, quip, quips and cranks, repartee, retort, riposte, sally, saw, saying, scintillation, sentence, sententious expression, sloka, smart crack, smart saying, snappy comeback, stock saying, stroke of wit, sutra, teaching, text, turn of thought, verse, waggery, wisdom, wisdom literature, wise saying, wisecrack, word, words of wisdom, yak