This one-liner may be used during an alien invasion, especially when you're a badass who is out to kill the beasts from outer space.
It is also possible to get the phrase as a dirty joke, according to the youtube celebrity Jesse Cox from the youtube channel "OMFGcata", who first came up with this sentence during his playthrough of the game "Crysis 2".
You kill an alien with your mere hands. You mention that you are choking a squidhead. You throw his corpse away.
Squiddles was a populartelevision show for kids and was aired in the 1990's. Except for the fact that it was popular with the small children it was soon canceled. It is rare to find merchandise or games from the show, but some fans still have the toys from when they were children.
''Wow this reminds me of Squiddles! I had forgot about this show. Ah nostalgia.''
''Why can't I find the episodes, I wish I had taped my favorite episode on VHS''