there it is

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flamboyant lad

Senior Member
It's from the movie "The Mask"

A reporter to a policeman: Can you tell me what happened here?

Policeman: No, and you can quote me.

Reporter: It looks like a mob tactic.

Policeman: There it is, boys. She broke the case.

Could anyone please tell me the meaning of "there it is" in the above context?

My dictionary tells me it means "that is the situation".
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