From: "Garrett Jones" <alkaline@...>
[DW]
> > It's (the weather) hotter than a stump burning at both ends today.
> > It's (the world, the times) all going to hell in a handbasket.
> > It's (what people are saying nowadays) all bulls**t to me.
> I can see the environment pronoun being used for the first two but not
> really the third. The third seems like it would be referring back to some
> concept that was already being discussed earlier. The first two sentences
> don't need a context to make sense, but the third one begs the question,
> "but what is it you're saying is bulls**t?" if uttered out of context.
Correct on that. The meaning in the third case is "what the world's saying",
a derivative of the other two.