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IITYWYBMAD 

An acronym for "If I Tell You Will You Buy Me A Drink." One usually has IITYWYBMAD printed somewhere where nosey people can read it and subsequently be suckered into buying one a drink.
Bob: What does IITYWYBMAD mean?
Sam: If I Tell You Will You Buy Me A Drink?
Bob: Hmm... Alright you cheap bastard! What does it mean?
Sam: If I Tell You Will You Buy Me A Drink?
IITYWYBMAD by leveller225 September 15, 2004
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The best word ever basically a word which can be used at any random moment to start a conversation or carry it on :) it also shows all sorts of emotions like the angry izit, the cool izit, and the curious izit :O
John: I Got A Cat
Dave: Izit?
John: Yeah Man
Dave: Izit?
John: Yeah Its Grey Init
Dave: Izit?
John: To The Max

Or

Dave: Izit?
John: Izit init?
Dave: Aite Wun x

Or

Dave: John I Broke Your Catfish :O
John: IZIT!!! YOU GAYHEAD :|
Dave: Aite Wun
Izit by Mr Jeans March 17, 2008
Related Words
If I Tell You Will You Buy A Drink? =)
*sign on wall of restaurant* IITYWYBAD?

customer: what does that sign say?
waiter: If I tell you will you buy a drink?
More Core language coming from the streets of High Wycombe, England. This is used when you immediately demand clarification of a statement, generally one that will produce a positive remark. Often said in block capitals. Not to be confused with 'isit?', which carries a different meaning.
Alger: "I got off with bare girls last night."
Lurse: "IZIT?"
Alger: Yeah man.
izit? by Simjob March 29, 2005

IITYIHTKY 

if I told you I'd have to kill you. No, really. Double secret confidential.
What's in that file cabinet marked IITYIHTKY?

If I told you I'd have to kill you.
IITYIHTKY by Mandingoe October 9, 2004

IITYWYBAD? 

If I Tell You, Would You Buy A Drink?
IITYWYBAD? by ians88 March 4, 2008
To ask a question lazily or Pretend your listening, or just confirm what they are saying
E.g Someone says: I am gona take him out
You say: Izit?
Izit by Chrisdamainman August 31, 2005