IQ tests obviously do not account for __every__ variable which we cumulatively call "intelligence", but IQ is heavily correlated with the ability to succeed at tasks society classifies as "smart people stuff". The difference in intelligence between two individuals is much less pronounced if both individuals are already two standard deviations above the norm. But if you were to compare two individuals, one who is one standard deviation below, and the other one above, you would observe a clear difference in 'intelligence' between the two. Even in this comparison, there will be outliers, but the outliers are not statistically significant.