Where something is completely and utterly awesome (originates from Peter Jackson's Chilli Sauce obsession in bo selecta)
Generic Person #5762897: "Dude, I got us tickets to Iron Maiden!"
Genric Person #4298689754676: "Mate, that's Chilli Sauce!"
Generic Person #98896176: "So, heard you made out with that hot chick the other day"
Generic Person #2658738: "Yeah, it was Chilli Sauce!"