Many people incorrectly assume the phrase's origins are from various movies in which it is used but term was popularized by rapper Ice Cube when he used the phrase in the song "Now I gotta Wet'cha" off his Predator album in 1992. It is unknown at this time whether Ice Cube was the person that originally coined the phrase.
Me: Snap, Its on like donkey kong, nigga!
Originated by Robert Mori of San Francisco, California 1980's.
Someone challenging your epicness:
What? Let's play? It's on like Donkey Kong.