What does hit the nail on the head mean?

Looking for the meaning or definition of the word hit the nail on the head? Here's what it means.

Verb (idiomatic) To identify something exactly; to arrive at exactly the right answer. Find more words! 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The solution hit the nail on the head, which is evident from our excellent result development from one year to the next. It sounds decidedly unromantic but when it comes to practicality, Grevett has hit the nail on the head. He really hit the nail on the head and he got quite a good rise out of everybody. Someone made a comment a while ago, and to me it seemed to hit the nail on the head. You've really hit the nail on the head on the legacy costs problem with your question about what happens as the amount of production shrinks. See Also What is another word for hit the nail on the head? What is the opposite of hit the nail on the head? Sentences with the word hit the nail on the head What is the past tense of hit the nail on the head? Translations for hit the nail on the head Nearby Definitions hit the mark hit the jackpot hit the headlines hit the head hit the hay hit the gym hit the net hit the pavement hit the road hit the rock hit the rocks hit the roof