Literally means "If I were you".
IIWY, I would add that phrase into Urban Dictionary before someone else takes the credit.
by Random Shooting March 11, 2007
Get the IIWY mug.
Acronym for "It is what it is".

Accepting things for the way they are regardless of the situation.
Guy 1: Man we messed up so bad this time we'll never get out of it!
Guy 2: Whatta ya gonna do...iiwis.
Guy 1: no doubt
by Sk8life April 24, 2017
Get the iiwis mug.
I’m in love with you
“iiwy”
by Manussy July 11, 2022
Get the iiwy mug.