The phrase "punch buggie" is best said when riding with your friend in the car. If you see any form of a VW beettle or bug,punch your friend, perferrably in the shoulder, and call out the color of the car. Remember, you are not bitch punching your buddy, just litely "punching" them on their shoulder.
Heather: "Blue punch buggie" (punches Lisa on the shoulder, but not hard!)
Lisa: "Damn. I will get you back biach."