1. To understand or comprehend something (a certain way). I take it the gig was canceled, judging from the sound of that phone call. We took it to mean that we would only need to file the forms if our initial application wasn't successful.
2. To endure or tolerate some unpleasant, critical, harsh, or abusive treatment, whether physical or emotional. Tell me what you really thought of my play—be honest, I can take it! Military training is grueling, and some people just can't take it.
See also: take
see under take it.