Etymologically speaking, born out of the boxer Riddick Bowe and the word ridiculous, the word describes something so patently false, shocking, absurd or incongruent that it's like a "blow" to logic and common sense themselves. Plus, it sounds great in exclamatory form.
"Hey, Johnny thinks three strikes and you're out is a good piece of legislation."
"That's riddickbowe (accent on second syllable)!"
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