short for 'i take it back'
you- "i had sex with the strangest woman last night"
me - "yeah. 'she' was a trani"
you - "...itib"
me -"there's no going back"
by Lebeek October 21, 2010
itib = I Take It Back
Me: "Your sister is a bodacious babe.."
You: "Oh really..? You think?

Me: "... jokes dude, itib."
You: "Yeah, her self esteem is low.."
by GFHybrid October 21, 2010

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