It's What It Is

A final solution to a situation, usually after much deliberation, and a final acceptance of that fact. It can be giving up on expecting someone to show up, or as it's typically used amongst The Mafia, a death sentence.

The simplest definition is: a ultimate, final acceptance. Period. Past all points or avenues of trying to change the situation. Gun at your head, you're done crying, he's not hearing you out. It is what it is. Get on with it motherfucker!

Frank Sheeran: "Tony told the old man to tell me to tell you... 'it's what it is'"
Jimmy: "What it is?"
Frank: "It's what it is."
Jimmy: *sniffling* "They wouldn't dare"

or

Tim: "The pharmacy won't process my refill. I tried everything."
Nick: "Not even for tomorrow?"
Tim: "It is what it is. I'm out of ideas."

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