Touché is used as an acknowledgment during a discussion of a good or clever point, usually after contradicting the user's previous point.
Adding 'salesman' to the end provides emphasis and a bit of humor, first used by Peter Griffin in Family Guy. Although Peter was actually speaking to a salesman, one doesn't necessarily need to be speaking to a salesman for this phrase to be used.
1) Peter: I'm pretty sure we've never had a volcano either.
Salesman: Well don't you think we're overdue for one?
Peter: Touché salesman.
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