EDs what EDs

Slang for: It is what it is

People who resort to humor in unpleasant or inconvenient situations usually respond with this.

Or

Used by people who are very calm or chilled about situations whereas other people would normally freak out or overreact.

John: "Hey dude, heard your ex smashed you car window."

Greg: "EDs what EDs fam, EDs what EDs."