literally, "not it."
if there are two or more people present and something needs to be done fairly immediately for whatever reason, to say "not it" quickly can save a lot of hassle. the person to say "not it" last is the person bound to do the task, whatever it is.
(knock on door)
A: Oh, pizza's here. Someone go get it
B: sopho
A: sopho
C: sopho
D: You assholes
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