From Longman Dictionary of Contemporary Englishwait for itwait for itBritish English spoken a) TELLused just before you tell someone something that is funny or surprising His name was – wait for it – Mr Bacon. b) NOT DO somethingused to tell someone not to do something until the correct time because they seem very impatient to do it now → wait
Examples from the Corpus
wait for it• However much he wanted the answer to his unasked question, he was going to have to wait for it.• The whole world was waiting for it.• All they had to do was sit back and wait for it all to fall apart.• We must, surely, eventually get to recovery, but we have been waiting for it for a long time.• His name was ... wait for it ... Mr Bacon.• They attacked life, they didn't sit quietly around waiting for it to flatten them.• Lynn and I both leaned forward over the pit waiting for it to start working. 