(Though it is 'it's' not 'its' ... If it was 'its laugh' it would be like
saying 'Jimbos laugh' when you should use 'Jimbo's laugh'...)

HUH??  I think you're wrong...  but I can't understand you to be sure.

"it's" is the contraction of "it is"

"its" is the possesive of "it"

It's raining.

Its metallic arm held a mallet to thwap anyone using improper grammer.

Well, what I said is what I got taught in school ... *shrug* But then, I
got taught to spell words how they sound, there, so I can't spell, either.
Stupid government, teaching stuff that dosn't work ... :p

Kun-chan...