IQ does measure something, though, and it tracks pretty consistently with that more ephemeral thing that people refer to as "intelligence": if you, personally, found a dozen people you considered "smart" and another dozen you considered "stupid", you'd almost definitely find that the smart ones had high IQs and the dumb ones had low IQs. You might argue about the fine-grained distinction between the smart ones, but you wouldn't find somebody who you considered smart who somehow still had a 50 IQ.