Inf. What happened?; What went wrong?; What's the problem? Bill: Hi, you guys. What gives? Bob: Nothing, just a little misunderstanding. Tom's a little angry. Bob: Where's my wallet? What gives? Tom: I think one of those roughnecks who just walked by us has borrowed it for a little while.
what gives?what's the news?; what's happening? (often used as a friendly greeting). informal
what ˈgives?(spoken, informal) what is happening?; what is the news?: I haven’t seen you for a few weeks! What gives?
interrog. What is going on?; What is happening? Hey! What gives? Who left this here?