what it is 

An expression made by cleverly switching the words "it" and "is" to create a grammatically nonsensical phrase meaning "What is it?". See "what up" or "aks" for similar constructions (or deconstructions depending on how you look at it).

"Hey, can I aks you a question?"

"Yeah, what it is?"

what it is by dave July 1, 2004

what it is 

A code word for alcohol for underage drinkers.

Do we know anyone who can get what it is for this weekend?

Todd's got it covered.

what it is by shmemilybemily January 9, 2009

it is what it is 

A term popularized by the people of Los Angeles. It connotes that the truth is simply that... the truth. Deception of the truth will only piss people off down the line, and you don't want to piss people off, who knows you might get shot. LOL. You want to live in the truth, and you like to keep it real.

Yeah? You mean we can't lie and say that Mark McGuire wasn't on steroids and his home run record is tainted?

Nope. It is what it is.

it is what it is by SoCAL Homie August 27, 2007

It is what it is 

It is what it is

it is what it is

It is what it is by CrazyManSam August 4, 2020

It is what it is 

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"

It is what it is by Armin May 3, 2006

what it is jive turkey 

It's a black persons words for "Whats Up"

"What it is Jive Turkey?" Nuttin much muh Nukka!!

what it is jive turkey by Chelsie February 21, 2004

it is what it is 

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.

it is what it is by nilochlainn April 1, 2009