Green’s Dictionary of Slang

eat it! excl.

[eat v. (4); it is the penis]

a general term of dismissal, disdain.

[UK]Marvel 22 Oct. 7: ‘Eat it!’ cried Pete, giving him some cuts that made him howl.
[US]L. Uris Battle Cry (1964) 315: ‘Eat it,’ Levin spat.
[US]G.V. Higgins Cogan’s Trade (1975) 14: In red spray paint were irregular letters [...] ‘southie eats it’.
[US]A. Hoffman Property Of (1978) 204: ‘Eat it,’ Tony said quietly.
[US]W. Kotzwinkle Jack in the Box 115: He’d only learned how to signal Fuck You and Eat It, Mac.
[US](con. 1970) J.M. Del Vecchio 13th Valley (1983) 579: ‘Eat it, Lieutenant [...] We ’re coming up now.’.
[US]R. Price Breaks 51: I whispered into the mouthpiece, ‘Eat it, you slut.’.