The Usenet Oracle has pondered your question deeply.
Your question was:

> Oh scholar eating and uncomplicated Oracle, whose sexiness fills the
> xeroxing void of computer nerds' lives as the light bulbs do brighten
> the night sky, whose inkwell I am too prodigal to imprison, whose
> shoulder I am not worthy to babysit, whose ribses are like unto
> infinite foibles, grant me this morsel of your omniscience.
> 
>   What is "it"?

And in response, thus spake the Usenet Oracle:

}  At long last!!!!   The question has been asked, the chosen one has
}  arrived!!!  The prophesy is fulfilled, I am free to be one with the
}  universe!!!  This is fabulous!! Great!  Yeah!  I bet you are wondering
}  what the hell I am talking about, right?  Well, it all started a long
}  time ago...
}  
}  [Please crank the vertical hold on your monitor, to simulate a
}  flashback effect]
}  
}  A solitary man rides his grey horse through the mountains, approaching
}  Mount Olympus, home of the gods.  Suddenly, a voice calls out.
}  
}  "Who are you to approach the home of the Gods"
}  
}  But the man remained unafraid.  "Who's asking?" he sneered.
}  
}  "I am Nikkon, God of pictures, and protector of the Olympus Infinity.
}  No man may pass, without undertaking some task for me."
}  
}  "Big deal, so whaddya want me to do, mow your lawn or something?"
}  
}  "No, that is a task that I leave for my son, Cannon.  Yours is a
}  different destiny.  I shall give you absolute knowledge, and..."
}  
}  "Cool!"
}  
}  "...Shut up, I'm not done yet."
}  
}  "Sorry"
}  
}  "Anyway, and you shall use that knowledge to answer all questions
}  posed to you throughout time, until you are asked the one question
}  to free you from your task."
}  
}  "Well, what is it?"
}  
}  "Hmmm, yeah, that sounds like a good one.  Sure, you shall remain at
}  your post until you are asked the question: 'what is it'."
}  
}  "So what happens then?"
}  
}  "Hmmm, I haven't though too much about that either.  Well, let's say
}  that when you are asked that question, the person who asks it is forced
}  to take over your task, and you are free to roam the cosmos."
}  
}  "I like it, it shows a touch of panache."
}  
}  "So tell puny one, what is your name, that shall come to symbolize
}  knowledge throughout time and space"
}  
}  "I am known as J. Danforth Quayle."
}  
}  "Hmmm, no, that won't do, nobody will take you seriously at all.  We'll
}  have to give you a new name.  How about 'Fred'?"
}  
}  "No."
}  
}  "Bruce?"
}  
}  "No."
}  
}  "Big Eddie?"
}  
}  "No, I have a cousin named 'Big Eddie.'"
}  
}  "Well, then, I guess you shall be known as 'The Oracle' until we
}  can come up with something good."
}  
}  "Ugh, that's worse that 'Bruce'."
}  
}  "Well, tough luck."
}  
}  "So when do I start?"
}  
}  "Right now, you can open up a little shop in Delphi.  Remember to
}  give clear concise answers now."
}  
}  "Yeah, yeah, whatever."
}  
}  [Adjust your vertical hold to do the back-to-the-present effect]
}  
}  So you see, I am now free of my onus so that...No, no, 'onus, ONUS'
}  get your mind out of the gutter.  Anyway, I am free, and you must
}  answer all the stupid questions from these obnoxious supplicants
}  until you are asked the question, um, let me think up a good one.
}  
}  Ah, got it.  You must remain the Oracle, until you are asked the
}  question, 'Where are my car keys?'
}  
}  <Bzapppht>
}  
}  There, now you know everything, good luck.  If you need anything, I'll
}  be in Daytona Beach, working on my tan.  Oh by the way, now that you
}  know the answer to 'What is "it"', it's pretty stupid, huh?  Oh well,
}  catch you later. Hmm, now where are my car keys?