An exhibit is something that is publicly displayed. This can mean a painting in an art gallery to an ancient artefact in a museum. The word exhibit is also used to describe a collection of objects that are displayed. A painting exhibit will, traditionally, be hung on an art gallery or museum wall and will be surrounded by a frame. An exhibit of clothing, pottery, or something created in gold and silver, will normally be seen in a glass case in a museum. » Read more..