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(pr-nounced: eye why)
short for: it is what it is
fred: d-mn, our plane was delayed 4 hours and i missed my connecting flight to cleveland.

wendy: chill out, dude, iiwii!
iiwii – pr-nounced (‘e’-‘wee’) – it is what it is. 1) an all encomp-ssing short word to sum up an agreed upon and or well understood simple and obvious situation or action. 2) a simple reply to an obvious statement of fact of which there is little or nothing that can be done to change the situation or action.
1) “this party is out of control!”
‘well my friend, iiwii.’

2) “these guys stink, there is no way they are going to the playoffs.”
iiwii my man, iiwii.

acronym:
it is what it is

pr-nounced: ee – we

kind of zen-ish generic response to a wide range of stupid what and why type questions.
q: “why did you do ______?”

q: “what happened to the ______?”

a: iiwii
the unfortunate result of circ-mstance
apocalypse cat: “oh g-d dude. that jester’s pizza gave me the worst case of mud b-tt”
honey badger cat: “that’s what nola pizza does. iiwii ”
i.i.w.i.i.

iiwii is the text talk for “it is what it is”.

1) it is what it is

2) nothing more, nothing less

3) its like that and that’s the way it is.
she texted me, “i guess we are officially over now”

i texted back, and i replied, “i guess i.i.w.i.i.” (it is what it is”) baby.”
1) it is what it is
2) n-body knows why, iiwii, it just is
n-body cares if he has proof or not, iiwii. you can’t change it.