The term 'AND THERE IT IS' is often used to express surprise or excitement when something is revealed. This phrase can be expressed in two other ways, 'VOILA' and 'TADA'. Voila is a French word meaning 'there it is' and is pronounced 'vwah-lah'. Tada is an English word derived from the Japanese word 'tadah', which also means 'there it is'. Both words are used to express surprise or excitement when something is revealed.