A common Punch-Out meme that discribes taking what is basically anything, TO THE X-TREME!!! It must be released NOW... DO IT!
This phrase was created by Super Macho Man and can be reaplied to anthing.
Guy 1: Dude
I just can't ask her out man
Guy 2: RELEASE THE BOGUS!!! *punches in face*
Guy 1: Help, I'm being chased by a fat kid
Guy 2: RELEASE THE BACON
Guy 1: Hey what are you getting.
Guy 2: RELEASE THE RUMCAKE!!!