The Abyss
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The absurd is the result of the mind's contact with the universe, or it's private parts
Its. "It's" means it is.
Oops
Unless referring to ownership of an object by the eponymous evil demon clown in Stephen King's 'It', for example. Also can be a contraction of 'it has' at times.
I'm changing my answer. I meant to "it has" so everyone please reread my comment now, with this new interpretation in mind. Thank's.
Which has no bearing on the usage in the comment.