Definition of have it
1 —used to say that what is being reported is according to a rumor, a story, etc. <Rumor/word has it that the company will be going out of business.> <Legend has it George Washington slept here.>
2 —used to describe a person's condition or situation <He's had it pretty tough since his wife died.> <You've never had it so good (as you have it now)!> <We have it pretty good right now.> ; also have got <We've got it pretty good right now.>
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