The 'IT'S OVER' meme is a cornerstone of modern internet culture, particularly within 'doomposting' communities on platforms like 4chan and X. It serves as a hyperbolic expression of finality and defeat, often used when a favorite sports team loses, a stock price drops, or a minor personal inconvenience occurs. The phrase is frequently paired with its optimistic counterpart, 'WE'RE BACK,' creating a cycle of emotional extremes known as the 'It's Over / We're Back' dichotomy. Visually, it is often associated with characters like Joewari or bleak, low-resolution imagery that heightens the sense of dramatic despair, making it the perfect visual shorthand for giving up.