What does "it" refer to here?
Native speaker’s answer
Rebecca
This is a little bit difficult to understand unless you know a bit of current English slang. To "take shots" at someone as mentioned earlier in the song means to criticize, or "diss" someone, in an unpleasant or hurtful way. Thus, the "it" of "say it in the streets, that's a knock-out" is referring to the criticisms or mean things that people are saying to Taylor Swift. Ex: You have something rude to say? Say it to my face. Ex: That was a hurtful thing to say. Don't say things like that to others.
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