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A variation of the common phrase "watch and learn", used when demonstrating an action so difficult and skillful that viewers would never be able to "learn" how to do it, simply "yearn" to one day be able to pull off such an act.
Jonathan Ross: Oit Russ, that Katy Perry bird is lookin' mightly fine tonight. If only I'd shacked up wiv someone that looked like that.....

Russel Brand: Watch and yearn, Jonathan, watch and yearn.....

I saw Chris Brown pullin' off some bangin' moves the other day at that MTV concert. I could but watch and yearn.
by Spurs27 July 22, 2011