Noun

1. A fluttering or darting movement.
2. A particular, unexpected, short lived change of state.

   My computer just had a flit.

3. A homosexual.

Verb

1. To move about rapidly and nimbly.
2. To move quickly from one location to another.
3. To unpredictably change state for short periods of time.

   My blender flits because the power cord is damaged.

4. To move house (especially a sudden move to avoid debts).