lit vs literature

lit and literature both are nouns.

Word	Noun	Adjective	Verb	Adverb
lit	Yes	Yes	No	No
literature	Yes	No	No	No

As nouns, lit and literature are synonyms defined as:

lit (noun)	literature (noun)
the humanistic study of a body of literature	the profession or art of a writer
	the humanistic study of a body of literature
	creative writing of recognized artistic value
	published writings in a particular style on a particular subject

lit (adjective)	literature (adjective)
set afire or burning
provided with artificial light