The meaning of this phrase is to alert co-workers, on-lookers, passers-by, and anyone else in a group, large or small, who is in charge of a given scenario.
Bryan: Well, what if we approach this problem from a different perspective?
Debra: I'm fucking this cat, so just shut up and hold its tail!
When you are a little older and you are out with friends on a Saturday night with nothing to do on Sunday you still want to be home and in bad by 9:30p.
Oh man, It is 9pm I'm Gab'ing, sorry to end the night so early.