Here's another example.
"I will go hollasauce at her in a minute."
Meaning that soon you will throw down a massive amount of game on a honey.
Yet another example:
You're sitting at a red light when a foxy lady drives up next to you with her window down. You need to let her know that she is in the presence of a master pimp, so you simply lean over thru the passenger seat and get her attention by yelling that amazingly simple word "HOLLASAUCE!" Then just lean back and watch the sparks fly.