Expressions used in Everyday Spoken English in Social and Professional contexts
Saying 'hold it' is a way of asking someone to wait or to stall. Hold it can also mean 'don't move'. 'Hold it' is also an expression of surprise or anger. For example 'Hold it, do you mean we are going to get paid late this month?' If you say 'hold it right there' it means 'stop immediately' or 'you have been caught'.