The crossword solution for the term 'It Has Its Faults, Informally' is CALI, which stands for California. CALI is an acronym for the state of California, located in the western United States. It is the most populous state in the country and is known for its diverse geography, ranging from the Pacific Coast to the Sierra Nevada mountains. The phrase 'It Has Its Faults, Informally' is often used to refer to the state's many issues, such as its high cost of living and traffic congestion.