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
according to recording group, Trillville, this phrase means, "How's it going", "How are you", "What is your telephone number so we can converse", "Are you in a relationship", etc.