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The Collaborative International Dictionary
Prosit

Prosit \Pro"sit\, interj. [L., 3d pers. sing. subj. present of prodesse to do good; pro for + esse to be.] Lit., may it do (you) good; -- a salutation used in well wishing, esp. among Germans, as in drinking healths; -- also used in the contracted form prost.

Douglas Harper's Etymology Dictionary
prosit

1846, toast or expression wishing good health (from 16c., famously a drinking pledge by German students), Latin, literally "may it advantage (you)," third person singular present subjunctive of prodesse "to do good, be profitable" (see proud).

Usage examples of "prosit".

Justice sentenced Albert Ponce, aka Flimflam, aka Ponsit Prosit, over five years ago to life incarceration on Padrugoi Station.

This V R & Holy Religious Inter pretation Group purportedly had only recently returned from the Eastern Cities of Faith, where Ponsit Prosit had endured "fasting meditations of great length and illumination.