Acronym for "kick the f*ing ball." Literally, something you would yell during a game of soccer to someone who is staring at an open goal with no defender in sight.
However, in a more general sense, it means that someone is staring at a golden opportunity that can be easily achieved and all they need to do is to KTFB and get an easy win.
Announcer: Messi passes the ball to Milito inside the penalty box and Robert Green is off to get some fish n chips! KTFB!!
In life, generally:
Mr. A: That girl is totally hitting on me!
Mr. B: KTFB!!
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