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Originally coined by Frank The Tank (Will Ferrell) in the movie Old School, this phrase is now running rampant in college campuses across America. Can be said in agreement to a statement, or in answer to a question. Also at random times if you're bored.
1: F: Awesome... YES! I am back. Woo! You KNOW it!
2: A: This Karkov tastes really good.
J: You know it!
3: D: Dude, did you just pass me in Mario kart?
B: You know it!
4: J: God I'm wasted... YOU KNOW IT!
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