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This is used when one cleary is the champion and chooses to show it by thrusting their arm in the air with their index finger pointed. This signifies the greatness they have achieved in their victory. Its mainly used in sporting events such as a race or something of that sort.
Guy 1: Did you just see k.c. do the victory point!?

Guy 2: Yeah man, what a champion!!! Did you know that he's 10th in the world in the 800 meter dash!?

Guy 1: Yeah i know, I wish I could pull off the victory point but Im just not a great champion like him.
by ChrisFow June 18, 2008