What every last ignorant person in the universe uses to signify an inevitable situation. Unfortunately, an even worse catch phrase exists...what happens in blank stays in blank.

Me: You need to paint that fucking wall or you're not getting paid today.

Douche: It is what it is.

Me: Cockpunch!
by StrawberryWordDouche March 17, 2008
This phrase can have a more aggressive or assertive stance defining the speakers dominant position or status.
When asked how they had won the game,the quarterback replied to the sports writer that, "It is what it is, we're just the better team."
by Name Brand March 07, 2009
One socially-permissible way of NOT swearing or threatening to commit a felony while meaning to say things like "my life is fucking over because of that," "I want to kill her but I can't" and similar such. It's an excellent reply to any unfavorable situation, denoting momentary acceptance in the face of insurmountable odds.
The bank LOST my money? (deep breath) Hey, it is what it is.
by nilochlainn April 01, 2009
Basically it is what it is. I dont know how else to describe it.

Referring to the example when something/someone always goes the same way or does the same thing.
John- Man the way the system works sucks man.

Mike-It is what it is
by Jarion Hayes February 16, 2005
Phrase has many meanings. Normally used to describe something of irrelevance or an acceptance of the situation.

Used primarily to cause confusion to the listener.
Person x: "Hey your feet smell of rotten cheese"
Person Y: "It is what it is"

or

Person A: "I cant believe i failed my Marketing exam"
Person B: "It is what it is"
by Uptown March 20, 2006
Usually said about something that has no frills, not perfect, more than a little to apologize for (but probably NOT delineated), not much to be said for it, but offered for face value.
"Is the 1969 Nova you're offering to sell for $150 a pretty good car?"
"Well, it is what it is."
by KP: July 11, 2006
Phrase has many meanings. Normally used to describe something of irrelevance or an acceptance of the situation.

Used primarily to cause confusion to the listener.
Person x: "Hey your feet smell of rotten cheese"
Person Y: "It is what it is"

or

Person A: "I cant believe i failed my Marketing exam"
Person B: "It is what it is"
by Armin April 22, 2006

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