Ello (en. It)
/ˈe.ʝo/
Slang Meanings
It is used in an informal context to refer to 'that' or 'the aforementioned'.
If the right thing is done, it will turn out well.
Si se hace lo correcto, ello saldrá bien.
Sometimes it is used in a sarcastic tone or to downplay something.
What does it matter? It changes nothing.
¿Qué importa? Ello no cambia nada.