Annuit coeptis means "favors (literally: gives the nod to) undertakings." AnswerParty!
Annuit cœptis (/ /; in classical Latin: [ˈannwɪt ˈkojptɪs]) is one of two mottos on the reverse side of the Great Seal of the United States. (The second motto is Novus ordo seclorum; another motto appears on the obverse side of the Great Seal: E pluribus unum). Taken from the Latin words annuo (third-person singular present or perfect annuit), "to nod" or "to approve", and coeptum (plural coepta), "commencement, undertaking", it is literally translated, "He approves of the undertakings" or "He has approved of the undertakings" (annuit could be in either the present or perfect tense).