what it is 

An all but lost phrase from the seventies era of ebonics, the closest contemporary equivalent being, "What up?" WHAT IT IS is often a rhetorical question like, "How's it hanging?" or "What's going on?"

"What it is, Jeffro? Slip me some skeein!"

what it is by Doug Mesner June 18, 2004

What it is 

What is new, or going on.

What it is son.

What it is by Nate Hamer January 15, 2003

what it is 

A Black solidarity greeting of the 1970's, expressing philosophic agreement as to the present, past and future state of the black history/culture/experience.

First Brother: "What it IS!"
Second Brother: "What it WAS!"
Both together: "What it SHALL BE"

Often accompanied by various secret handshakes and signs

what it is by PJ Poppyjoe March 15, 2005

What it is 

whats up?
how u been?
what it do?
watz goin on?

Q.What it is, yo??

R.Chillen chillen what it is?

What it is by marizzle fo shizzle May 23, 2006

WHAT IT IS 

askin one how are they,or what have they been up to.

MAN1:what it is wit u?
MAN2: nig i can't call it..

FEMALE1:WHAT IT IS?
FEMALE2:SAME OL...NUTIN NEW

WHAT IT IS by Z.S. April 4, 2008

What it is 

Another way to ask what is going on.

Guy1: Hello
Guy2: What it is

What it is by Tswitz00 November 15, 2006

What it is 

a phrase that can be used to release one's self from the boring, everyday "what's up?"

popularized by the young and their affinity for intentional incorrectness; a small, subtle step toward the bastardization of the English language

Hey Two-Toes, what it is man?

What it is by the mean bean October 5, 2009