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

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