1. used in a coversation to show disbelief of the previous statement.
2. used as a warning that following the course of action just mentioned will result in impending doom.
1. Tom: Dude I will NEVER take my gf to see that movie.
Harry: Famous last words . . .
2. Tom: I think I should tell my gf we went to the strip club last night.
Harry: Famous last words.
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