Squits vs Quits - What's the difference?

As a noun squits

is diarrhea.

on equal monetary terms; neither owing or being owed.

third-person singular of quit.

(plural only, British, colloquial) diarrhea

* the runs * the squirts (US) * the huckleberry two-steps

(colloquial, British) On equal monetary terms; neither owing or being owed.

Here's the last of the money you lent me. We're quits now, right?

* all even * even * even-steven

* call it quits

(head)

(quit)