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Acronym: It Is What It Is
Pronounced: (ee-eee-wa-ee-eee)

A term used to add some joy to the saying "it is what it is".
Person 1: Man my Android phone screen cracked!
Person 2: It's not an Apple, so I guess iiwii
iiwii by redevelop August 25, 2020

Iiiiyynn 

doing something crazy, joining whatever fun activity/event is being offered, short for "count me in", just saying YES,
friend #1: who's going skinny dipping with us tomorrow at Lulu's pool??
friend #2: Iiiiyynn, byob?
friend #3: Iiiiyynn, can I bring a friend?
friend #4: Only a female and if she's hot, lol. Iiiiyynn!!!

friend #1: we about to go Iiiiyynn!!! I'll bring the liquor! Hot females are welcome!
Iiiiyynn by CynCity February 11, 2010

IIIIIIIIIIIIIIIIIIIIIIIIIIIIII 

1. IIIIIIIIIIIIIIIIIIIIIIIIIIIIII
Wow, That's IIIIIIIIIIIIIIIIIIIIIIIIIIIIII

world war IIIIIIIIII 

The guy who will start World War IIIIIIIIII is as evil as Old Macdonald+Peppa Pig^ Paw Patrol* Hitler
iiwii - pronounced ('e'-'wee') - It Is What It Is. 1) An all encompassing short word to sum up an agreed upon and or well understood simple and obvious situation or action. 2) A simple reply to an obvious statement of fact of which there is little or nothing that can be done to change the situation or action.
1) "This party is out of control!"
'Well my friend, iiwii.'

2) "These guys stink, there is no way they are going to the playoffs."
Iiwii my man, iiwii.
Iiwii by Mike Maenck March 11, 2009
The unfortunate result of circumstance
Apocalypse Cat: "Oh God dude. That Jester's Pizza gave me the worst case of mud butt"
Honey Badger Cat: "That's what NOLA pizza does. iiwii "
iiwii by Meat Cat June 18, 2012