The noun bit has 10 senses (first 5 from tagged texts)
1. (18) spot, bit -- (a small quantity; "a spot of tea"; "a bit of paper")
2. (4) bit, chip, flake, fleck, scrap -- (a small fragment of something broken off from the whole; "a bit of rock caught him in the eye")
3. (1) moment, minute, second, bit -- (an indefinitely short time; "wait just a moment"; "it only takes a minute"; "in just a bit")
4. (1) piece, bit -- (an instance of some kind; "it was a nice piece of work"; "he had a bit of good luck")
5. (1) bit -- (piece of metal held in horse's mouth by reins and used to control the horse while riding; "the horse was not accustomed to a bit")
6. bit -- (a unit of measurement of information (from binary + digit); the amount of information in a system having two equiprobable states; "there are 8 bits in a byte")
7. morsel, bit, bite -- (a small amount of solid food; a mouthful; "all they had left was a bit of bread")
8. snatch, bit -- (a small fragment; "overheard snatches of their conversation")
9. act, routine, number, turn, bit -- (a short theatrical performance that is part of a longer program; "he did his act three times every evening"; "she had a catchy little routine"; "it was one of the best numbers he ever did")
10. bit -- (the cutting part of a drill; usually pointed and threaded and is replaceable in a brace or bitstock or drill press; "he looked around for the right size bit")
Overview of verb bite
The verb bite has 4 senses (first 3 from tagged texts)
1. (12) bite, seize with teeth -- (to grip, cut off, or tear with or as if with the teeth or jaws; "Gunny invariably tried to bite her")
2. (2) bite, sting, burn -- (cause a sharp or stinging pain or discomfort; "The sun burned his face")
3. (1) bite -- (penetrate or cut, as with a knife; "The fork bit into the surface")
4. sting, bite, prick -- (deliver a sting to; "A bee stung my arm yesterday")