An exclamation used by party-goers to describe a live scene. The term is used to describe the party and or club as "going down". Used in reference to the famous sea vessel that sank after colliding with an iceberg.
Person 1: "Is the club any good tonight?"
Person 2: "Yeah, it's going down in here"
Person 1: "For real?"
Person 2: "Yeah, it's Titanic in this bitch"
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