Used in response to a put-down, turning it on the one dishing out the put-down.
Source: The Three Stooges. Has since been used in countless films and tv shows, including Clerks and Friends.

Any such creature, character, animal, or etc which has a face or snout which splits into multiple pieces or seperates in multiple places in such a way as to resemble the tentacles of a squid. This is often used as a derogatory remark and is offensive in many ways.

Underground subculture whichs origin is absolutely unknown.
Recently, the anti-movement grew remarkably,- The subculture that always kept out of the internet now is spreading online. Anti-kids will always remark how much they hate 'myspasm', scenesters, emo and possibly any other 'obnoxious subculture' about as much as the mainstream.
Basically, Anti-kids are against everything but their very certain, elitist, independent likes.
If you happen to just state that you don't really like something an anti-kid adores, s/he will start to insult you and, while making sure the anti-kid's elitist "I'm-better-than-you-anyway"-attitude gets underlined by actually some well-thought, yet always insulting arguments.
If you state that something about the anti-kid or it's likes is not absolutely enormously brilliant but just "okay", he will let all his hatred rain down on you.
The natural enemy of the anti-culture seems to be the scene. Of all the things anti-kids hate in this world, scene obviously is...