let's be real 

A phrase said to others meaning to be honest or truthful about a situation. Especially when they're trying to take credit for something you did, etc.

Or

A phrase meaning to look at things realistically.

"Danny, let's be real. That was my idea."

Or

"Let's be real. You're not going to turn into a dinosaur."

let's be real by DrQuacksaLot June 25, 2014

lets be reality 

A meme started on HFBoards that means "Come on, let us be serious, ..." or "Honestly speaking ...". Was the subject of ridicule and an instant meme.

Lets be reality, Semin is the hottest player in the league right now. 19 points in 11 games.

lets be reality by Canuck 61 February 27, 2010