it's is showing possesion

Actually, it's is showing abbreviation since it's is a shortened form of it and is. Its is correct because its is possessive just like his and hers are possessive without the apostrophe.

I know that the reason that it's empty is that it's new. I was being funny... or trying, at least.

Nobody thinks that you're an asshole. Well... maybe SOME people, but I think that the S.G.P.D. are desperately needed in this topsy-turvy virtual world of spelling and grammar mistakes, and we're all thankful that you're around. A loud minority of people will squawk and moan about people who point o...

I, too, am filled with the happy... see? :D

How depressing.