what=?

"what=?" is often used as an answer to something that has nothing to do with anything.

Its also common that "what=?" will be replied to the previous "what=?"

#1: Hai gaiz! Im baack!
#2: I used deoderant this morning.
#1: what=?
#2: what=?

What it is

Another way to ask what is going on.

Guy1: Hello
Guy2: What it is

It is what it is

Phrase used by someone in order to accept even the most 'unacceptable' situation that would normally be a load of horse shit. Only because they know they have to.

Tom: Man why do we have to pay taxes for people who don't even work?

Bob: Hey man, it is what it is.

and what

Roughly equates to "so what". Can also mean absolutely nothing, depending on the context.

Context usually found in England, or at least London, is during the build-up to a fight in order to start something.

And what? You startin? And what?

what the?

short for "what the hell" or "what the fuck". a rove-ism.

"I think Vanessa Amarosi has a hot ass"
"What the?!"

whatting

Something you might say after you say something to someone and they say 'what?' and you don't know what they said what at.

Me: Hey yesterday I cycled my bike out the roof and then landed on top of my math teacher. It was painful but funny.
Someone else: What?!
Me: What are you whatting at?

What it is

a phrase that can be used to release one's self from the boring, everyday "what's up?"

popularized by the young and their affinity for intentional incorrectness; a small, subtle step toward the bastardization of the English language

Hey Two-Toes, what it is man?