The phrase it is what it is has long been used online as a shorthand for acceptance, and adding gang gives it a casual, group-chat feel that fits short-form video culture. The clip circulates as a meme sound for moments of resignation, bad luck and unbothered confidence, often paired with captions about failed plans, losses or everyday chaos. Like the bruh sound, it works because the delivery is instantly recognisable even out of context, which is why creators keep reusing it as a quick reaction rather than a longer explanation.