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What are the possible meanings of "I've got it"? As far as I know, it may mean possession like here:

– Jack you also need to have a backpack if you want to go with us.

– Well, I've got it.

Here Jack reports his possession of a backpack.

Also, as I can tell from my Google research, it may mean the possession of some non-physical things like ideas or infections:

I've got it! We will go by train instead!

– Now I know for sure that I've got it, too. Doctors completed the test and it came back positive.

But are there any other meanings that this phrase may usually convey?

Please, note that I mean exactly the phrase "I've got it." (not "I got it", "I get it", "I've gotten it", "I've got it all", "I've got it down", etc.)

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    "I've got" is not really important here. The meanings are all different because "it" is a pronoun that is referring to different things in all your examples.
    – randomhead
    Jan 23 at 2:06
  • The meanings of get are different in each example, too. Most of the meanings of get can be used with a first person singular subject and a verb in that tense, too. Jan 23 at 2:13
  • Jack would say "I've got one" He would only use it to refer to a particular backpack that had already been mentioned. Jan 23 at 9:17

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In your first example - "Well, I've got it" the emphasis would be on "got". But if someone had asked, "Who's got Jack's backpack?" Jack might have replied "I've got it". The emphasis here would be on "I've".

In a different context it's also possible to emphasize "it". "I've got 'it" means "I've got sex appeal." [Definition 8 at Lexico.] This derives from an actress - Clara Bow - who became known as "the 'It' girl" after appearing in the film of a book named "It".

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