An expression of dismissal in response to an inane, disagreed with, or inaccurate statement or question.
Example 1:
Person 1: They just dissed me because I was wearing green pants. Can you believe it?
Person 2: It is what it is.
Example 2:
Person 1: I can't believe that I have to pay for a bottle of water at this concert! It should be free!
Person 2: It is what it is.
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