HAVEIT
have it
Verb
- To understand or believe
- Conventional wisdom has it that heat rises, but in fact heat diffuses: hot air rises.
- To have died
- He didn't survive the operation - he's had it.
- To be beyond repair
- These socks have had it - there are holes in both toes.
The above text is a snippet from Wiktionary: have it
and as such is available under the Creative Commons Attribution/Share-Alike License.