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The acronym for It Seemed Like A Good Idea At The Time. First seen 1982 as an opulent over-the-top boat's [registered] name moored on the river Thames. The owner was on board and we asked him if our guess as to what the name meant was correct. He confirmed. Many of [my friends] have used the two-word phrase since, for a shortform answer to any question that might deserve it. Isla Giatt's owner had [redundancy] pay and a large pension, but was finding it much more costly than he thought, before even registering the vessel on the Thames. Hence its name.
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