As another over 35, I'd say that I'd have to hear Huggy use the phrase in context. Roll it just all by itself, as Cap Kiwi suggested is one of those phrases like it's raining in which it has no real referent, but if the it refers to the household item, then I am at a loss to come up with what I would think he meant. etaoin's suggestion would make it sound to me like he meant to keep it, possibly with some effort put into refurbishing it, but going by belligerentyouth's idea, he would mean to replace it.