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Someone or something has "IT" when they have some amazing special quality. Mostly cannot be narrowly defined. Spoken, emphasis is put on the word "it".
She tries really hard to be a model, but she doesn't have IT.
Beyoncé is more than just a singer and actress, she has IT.
You should get that wedding gown. It just has IT.
Man, that guy has everything. He has IT.
Has IT by Knehigh November 1, 2019

has it all 

You say this to somebody when they have the looks the hair and the sty.
The person is normally always a 10 when you say this
Dam Joe over there "has it all

Holy, you see that guy over there he "has it all"
has it all by TendyLord69 May 28, 2020

rumor has it 

A yuppie analog to 'word on the street' A way of conveniently approaching an opinion or rumor without making it sound like you're the only one who thinks it.
Rumor has it you've been sleeping with Ben's ex.
rumor has it by nybor February 19, 2006

It has it where 

Dweebs who don't know how to describe something unexpected going on with a piece of software
It has it where the 'Next' button is not taking me to the next page.
It has it where by Party0Clock September 23, 2019

The Waffle House has found it's new host. 

A sentence meant to gaslight Youtube users, coined by Jonny RaZeR Shorts.
He typed "The Waffle House has found it's new host." On youtube Comments of every video he watched.

but it has Windows Vista!

Quite possibly the worst way to describe your computer's screen.

Originates from GameFAQs' Random Insanity board, where a Staples employee tells the story of a moronic woman who understands nothing about computers.
Kloo Shanko: "Ma'am, the operating system doesn't affect the size of the screen."
Customer: "But it has Windows Vista!"
Kloo Shanko: "Like I said, that doesn't affect anything, ma'am."