The 'It's My IP To Sit On and Do Nothing With' meme is a satirical take on modern corporate culture, specifically targeting companies that refuse to license or develop beloved intellectual properties. It resonates deeply with gaming and film communities who are frustrated by 'abandonware' or dormant sequels. The meme typically portrays a personified corporation holding onto a treasure chest or a specific brand name while actively ignoring fan demands for new content. It serves as a sharp critique of copyright laws and the perceived lack of creativity in big-budget industries, often being used to troll companies like Nintendo, Disney, or Sony when they shut down fan projects or refuse to acknowledge classic titles.