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1 definition by KFA

 
1.
Simply the past tense of "It is what it is". However, you can now confirm that the statement of "fuck it" accurately described the situation at that time.
Employee A:

"I should have known that we were all in trouble last month when our boss responded to our concerns with, It is what it is."

Employee B:

"Yeah,I knew we were fucked and should have started looking for another job."

Employee A:

"Oh well, It was what it was."
by KFA May 16, 2009