Question: hello! I was looking through sentence examples here an

Any help on this would be greatly appreciated!!

@NayMateo
I would say, kind of, but it depends on context...

As a rank beginner, I am surprised to see 'huwag' used here. It obviously has much broader use than the normal "don't". I would have used kundi (and have also just learnt maliban).
Always learning

@jkos So the context is in a song essentially about searching for familial roots. As in it’s been really hard to find our family tree but is something I couldn’t imagine giving up on

I don't hear it out and about...which doesn't count for a lot... But I suspect the BPDG Rule is in Play...Bawal Pangit / Dapat Ganda"lanG Ito" Meeeeeeeeeh strikes me as pangittttttttttttt!My ear to BPDG is improving steadily...could be many..."to"..."heto"..."ayan"....yaaaaaaaaaaaaaaaaan...ganito"huwag yaaaaaaaaan lang" Hmmm pwede but not really Dapat Ang GandaHuwag strikes me as Command...DONT...too strong...where do you get the direction "except"...I'll need to add that to my earabout "pero to" di pangit...parang sakto baMagandang Acid Test...sabi mo "pero to pero to pero to" Malapit sa "ano to ano to ano to" Pwede pwede Araw araw dbOr what noun is ideal...let's just mostly try to be concrete?

I would probably translate
“mawala na ang lahat huwag lang ikaw”
as “I could give up everything, just not you”
If I was going to say "except for this" I would probably use "maliban sa"

@NayMateo
"Mawala na ang lahat, huwag lang ikaw." You are talking to your wife telling her how much you love her. (example only idk you)
"Mawala na ang lahat, huwag lang ito." You are talking to somebody telling that somebody how much you love your wife. (informal) But it is better to say:
"Mawala na ang lahat huwag lang siya." because "siya" is the correct pronoun for "her". But if "this" really refers to a thing, yes you can substitute "ito" for "ikaw"

It is more like an idiomatic expression.
"Mawala na ang lahat wag lang ikaw!"
It means you are most important from the person who said that word.
"I accept everything I own to lose, except you."For a group of people that you are with in.
"Mawala na ang lahat wag lang Ako!"
This means among people is acceptable to lose except me.
Here you are referring that you are most important among the group.And if you replace "ikaw/ako" by "ito" means you are pointing to person or things that is important.Note:
Huwag means except; not; dont.
For short say or slang word
It pronouns as "wag" only removing "hu".

Literally, "Mawala na ang lahat, huwag lang ikaw" = "I can/could (afford to) lose everything, (but) not you""Mawala na ang lahat, huwag lang ito" = "Ican/could (afford to) lose everything, except this"So, yes, you can replace "ikaw" with "ito" in this sentence.