Gossip or juicy news. "What's the tea?" = "what's the latest gossip?" "Spill the tea" = tell me everything.
"Sit down, because I have the tea about why they broke up."
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Tea has grades: light tea (rumor), piping tea (confirmed and recent), cold tea (old news, not worth), and scalding tea (ruins friendships, ends careers). "What tea do you have?" is an invitation; "I have scalding tea" is a warning.
"Her tea was SCALDING. I haven't processed it yet."
Add your own interpretation of "tea".
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