The phrase "how things stand" is often used to describe the current state of affairs or situation. There are many synonyms that can be used in its place, depending on the context. For example, "the present situation" or "the current state of affairs" convey a similar meaning. "The state of play" is also a common alternative in sports or politics contexts. Other possible synonyms include "the current state of play", "the current state of things", "the current picture", or "the current landscape". In essence, all of these phrases describe the way things are at the moment, and can be interchanged depending on the tone and context of the conversation.