1. Originally the slogan of the children's cereal Captain Crunch, wherein the hungry kid is taken aboard the Captain's ship and receives Captain Crunch; thus the kid is no longer hungry.
2. Referring to a night of drinking Captain Morgan's Spiced Rum .
-Infers you got(or will get) some action as a result of drinking Captain.
Kids - "Captain Crunch!"
Captain Crunch - "You and the captain, make it happen."
"Bro, I hooked up with this hot ass girl last night."
"Hey, you and the captain, make it happen."