A useful term to refer to something ridiculously awesome; Compliment; Play off of term, Ridonculous; Can be used in the full statement of: That is some Honkitonk Ridonkidonk; Humorous
Coolio Person A: Woahhhh did you see that fershizzzle awesome movie Paranormal Activity!
Even Coolioer Person B: Dur-Dih-Dur! it was ridonkidonk!
Coolio Person A: Yeah that was some Honkitonk Ridonkidonk cinema action!