It's
Gonna
Be
A
Bit
S**t

From Al Murray's "The Pub Landlord", for whenever the London 2012 Olympics is mentioned.

Past Tense - IWABS (It Was A Bit S**t).
Present Tense - IABS (It's A Bit S**t).
"So, what do you think of the 2012 Olympics hype?"
"IGBABS, really"
by The Bie May 10, 2012

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