Abbreviation for the Institute of Technology, specifically at the University of Minnesota. Members of this group use codes like 1337 (leet) and 31337 (elite) to convey emotion. They should be avoided, as they are usually extemely nerdy. Exceptions include those of the Honors IT group, who are lead by Bob Peppin (God) and are not douchebags like those pricks in Carlson School of Management.
"My computer broke, so I got one of the IT guys to fix it"
"At least people drink in Honors IT"
"Honors IT; less asians than regular IT"