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Wiktionary
sit on it

vb. 1 (&lit sit on sit on it English) 2 (context idiomatic English) shove it up your ass (up yours) or back off.

Wikipedia
Sit on It

Sit on it may refer to:

  • Sitting
  • Slang for waiting or hoarding/holding onto something until the right time to sell it or let it go
  • "Sit on it", derogatory catchphrase created by Bob Brunner and said by Fonzie on the 1970s-80s television show Happy Days
  • Sit on It!, 1975 jazz album by Jimmy Smith
  • "Sit on It", song by Dead or Alive on their 1984 album Sophisticated Boom Boom
  • Sit on It, 1987 single by Eugene Kelly with The Pastels
  • "Sit on It", song by The Halo Benders on their 1994 album God Don't Make No Junk
  • "Sit on It", Garfield and Friends 1994 episode

Usage examples of "sit on it".

One came in two days ago, but it was so vague I decided to sit on it a while before I passed it on to you.

The grass roller was the best thing, though, because you could sit on it, nice and dry and quite comfortable, and you could look out over the mass of undergrowth at the end of the tunnel, and see the sky and the trees and the fields.

Perhaps Lord Stannis will chance to sit on it when he takes your throne.

You sit on it when you eat, and you keep it tucked under your arm—.

I mean for him to sit on it until his hair turns white and his teeth fall out.

And Talleyrand said, 'You can do anything with a bayonet, Sire, except sit on it.

She looked at the sofa, some of the springs poking through the fabric, and decided against trying to sit on it.