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I was a kid in the 60's.. This phrase was not used by older sophisticated persons.. It was simply a juvenile response to juvenile name calling.. Some dumb kid would say: "You're Stupid" the simple and quick response would be "I know you are but what am I".. Sometimes (probably when first used) a good come back to one who was truly stupid, because it confounds them, confuses them.. "Uh uh uh, um, you're stupid?"
In actuallity, the phrase would go back and forth, several times.. "You're stupid", "I know you are but what am I" "You're dumb", "I know you are but what am I".. "What a jerk", "I know you are but what am I", "Jerk", "I know you are but what am I"...

Just a juvenile thing.. Used so often though (way back when) that til this day, I use the phrase in response to good compliments.. Most people my age, or close too, enjoy and laugh :)

Example: "You're cute" my response "I know you are but what am I" :)
by iBilly September 30, 2013
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Used by someone when another person isn't satisfied with something they do, not due to a lack of effort but because they had limited resources to do something with.
Barry is doing a house extension with limited tools/workforce. His boss arrives

Boss: "Jesus Barry how long is this going to take you? What am I paying you for?!"

Barry: "Come on boss, I can only piss with the cock I've got..."
by come_on_england October 16, 2008
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Professor: Michael, what is the atomic weight of Uranium?
Michael: I hestiate to articulate for fear that I may deviate from the true course of rectitude.
Professor: What?
Michael: I don't know.
by Moose September 23, 2003
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i.w.y.t.f.m.u.i.c.w

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I want you to f##k me until I can't walk
Can be used while texting
"Anna sent me I.W.Y.T.F.M.U.I.C.W, what does that mean man?"
"Brooo your lucky you got a freak freak"
by Dam1020 January 27, 2020
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From She-ra and the Princesses of Power
Season 5 Ep. 13, The Heart Part 2

"Don't you get it? I love you. I always have. So, please, just this once... stay." - Catra Applesauce Meowmeow
"Do you know what 'D.Y.G.I.I.L.Y.I.A.H.S.P.J.T.O.S.' means?"
by beep..boop..bop January 12, 2021
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In the song Coming Out Strong by Future Ft. The Weeknd, In the second verse future says “The only time I feel alive when I take it”. But people have recalled future saying the only time I feel alive when I taste dick implying that future likes pp and is gay lol (jkjk)
Person 1: *singing the song out loud* The only time I feel alive when I taste dick
Person 2: Bro what did you just say
Person 1: I swear its not what you think
by HitMyLineBbGurl;) January 4, 2021
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One of the most popular lines from the anime Gurren Lagann. When using this line, you put on those W that go like this: \/\/, only longer. This is because the most popular character, Kamina, wore them every time he said it.
Guy 1: Do you want a sandwhich?
Guy2: Just who the Hell do you think I am!?
Guy 1:...I'm gonna take that as a no.
by NostalgiaRipoff September 6, 2009
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