Says the legend that this phrase was created in the film Star Wars.
Uses:
It's commonly used to express power over somebody. Also said to imply that you own somebody. Usually said when you are trying to screw somebody, in a joking way. Can also be used to refer a third person.
A: Thanks for helping me out.
B: No problem, I'm your father (soy tu padre), anytime son.
--
A: Hey son, bring me my coffee! I'm your father (soy tu padre)!
--
A: That guy really loves you mate. He does everything you ask!
B: Well... I'm his father (soy su padre).
A variation of the sexual position "piledriver." During intercourse from a piledriver position, the partner being piledriven emits a fart and the fart is lit on fire (either from a heat source supplied by one of the two partners or from a third party) while someone makes the telltale beeping noise of a ceiling smoke alarm (again, either partner or a third party may supply this noise).
When the drapes caught fire during their second attempt at the South Padre Island Smoke Alarm and the actual smoke alarm woke every guest up, Carl and Carla knew they wouldn't be allowed to film their piledriver sex scenes in the hotel lobby any more.