1) A statement to express that you will destroy, bring down, beat-up, or otheriwse eliminate somone or the affectivness of something
2) Also used less aggressively in a sports setting to notify a person that they are going get beat by being "knocked off their winning pedastal".
Man 1: "Your momma is an ugly ho!"
Man 2 (Just before he punches Man 1): "Dude, your going down!"
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