It's/that's a bit steep spoken language phrase
That's a bit more expensive than expected.
A: I bought this car at the price of 100000 dollars B: What! It's a bit steep, isn't it? I remembered my friend buying it for only 80000 dollars.
That's a bit steep compared to the previous store we have visited.
That's rather unfair or untrue.
It's a bit steep to make him pay for everything.
Why were girls not allowed to take part in this contest? That's a bit steep.
To change the price of something
To be treated unfairly or badly
Used to indicate something that is very expensive
To be very wet
Because of forgetting bringing an umbrella, I look like a drowned rat when it rains.