When Vice PresidentMike Pence lies, saying the Trump administration has reduced CO2 emissions during their tenure, the whole country gasped and exclaimed, "Liar liar Pence on fire!"
In my experience when I was growing up," Liar Liar Pants On Fire" refereed to the ass whipping you would get if your parents caught you lying.You felt like your pants were on fire afterwards
A Chant normally used by children to indicate they think someone is lying.
The full phrase is "Liar, liar, pants on fire. Hangin' on a telephone wire".
It is a paraphrase form an 1810 poem by William Blake titled "The Liar".