Three words, one statute section, and a fraud exception that turns entirely on what the seller knew. A documented history of "sold as is," from a 1603 bezoar-stone case to the UCC clause that finally gave the phrase a name.
Nearly every popular retelling traces this phrase to a single 1934 lawsuit and says MGM coined it on the spot. The court record backs the lawsuit and leaves the phrase's actual wording, timing, and legal power considerably murkier.
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One clause, one history, at a time. Sourced, myth-checked, and never invented.