The 'It’s So Over / We’re So Back' meme encapsulates the rapid shifts in morale common in online communities, particularly among sports fans, political enthusiasts, and cryptocurrency traders. The phrase 'It's so over' gained traction as a hyperbolic expression of defeat, often paired with a despondent image of Joe Biden or other disappointed figures. Conversely, 'We're so back' represents the sudden surge of optimism following a positive turn of events. Together, they form a narrative structure that highlights the volatile nature of internet discourse. The template is widely used to mock the tendency of social media users to swing between extreme despair and unbridled hope over the smallest developments.