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it is what it is 

an accepted euphemism for 'i fuck my pets'. mainly used in a business setting, where swearing would not be acceptable.
boss: it is what it is.
employee: you sick bastard.
it is what it is by bigtrick February 27, 2011

It is what it Is 

in a nutshell, it means "this is the way its going right now, and thats how it is." kind of a way to say: dont overthink the situation. a reminder to keep things simple, dont overanalyze things, or a way to put a definition on something thats hard to explain.
Friend: "So what's the deal with you and Bobby? I thought you guys were together, but then someone said you broke up, and then somebody else told me you were broken up but 'friends with benefits' So what's the true relationship status?
Girlfriend: it is what it is.

it is what it is 

better described as a statement of acceptance of a situation that is less than perfect.
keeping a dull, going-nowhere, job that pays the bills. "how's work?" "it is what it is."
it is what it is by linkinink April 18, 2009

It is what it is 

Phrase used by someone in order to accept even the most 'unacceptable' situation that would normally be a load of horse shit. Only because they know they have to.
Tom: Man why do we have to pay taxes for people who don't even work?

Bob: Hey man, it is what it is.
It is what it is by Muttemor September 30, 2014

It is what it Is 

What incredibly vapid, stupid and unoriginal people say when they cannot construct a proper thought, retort or sentence.
If you were to ask a nitwit why he left work early, the response would go something like this. I don't know, I mean, I just felt ...I left early. It is what it is.

Or, when you catch a person in a lie, scheme or have proven them wrong in any way, It is what it is is sure to leak from their gaping mouth.

Or, to be dismissive. You promised me a dollar raise a month ago and it hasn't appeared in my check yet.

Well, it is what it is
It is what it Is by Jason JD August 19, 2007

it is what it is 

1. Humble resignation to the circumstances of a situation that are beyond your control.

2. Euphemism for having little regard for outcome of a situation that will have a negative effect on those around you.
Example 1. It is a shame that Jimmie has left, but it is what it is.

Example 2. It's unfortunate you had to work late last night, but you know, it is what it is.
it is what it is by rsdsgnist March 3, 2010