1 definition by rsdsgnist

Top Definition
1. Humble resignation to the circumstances of a situation that are beyond your control.

2. Euphemism for having little regard for outcome of a situation that will have a negative effect on those around you.
Example 1. It is a shame that Jimmie has left, but it is what it is.

Example 2. It's unfortunate you had to work late last night, but you know, it is what it is.
by rsdsgnist March 03, 2010

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