refers to the star of a series of spy movies from the late 60's and early 70's, starring james coburn, i think who was a poor mans james bond.
being "in like flynt" means that you will make a lucky escape of a particular situation with minimal damage to one's self.
james coburn being a good friend of the greatest film martial artist of all times, bruce lee, incorporated action stunts into his movies and even introduced some non-firearm weapons play into the mix.
dude 1: wow! that james coburn just escaped from a burning building by sliding down the fire escape of an adjoining one and didnt even get a scratch. he's gonna escape from the bad guy now.
dude 2: check it dude, once he nails anita man or amanda love, he really will be in like flynt!!
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