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Shit's goin down 

An expression used commonly to refer to a seemingly impending fight or confrontation that will usually result in someone or multiple persons getting the shit beat out of them. Often heard when one person insults another's mother or girlfriend and the man insulted enough is ready to flip.
He just hit on big Mike's girl.
Dude, shit's goin down.
Shit's goin down by dawg47 May 31, 2010
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shit is goin' down

What you say when you know something big and bad is happening.
Dude, did you hear about Jamie cheating on Zach?
Yeah, shit is goin' down!

shit is goin down 

What you saw when you know something big and bad is happening.
Dude, did you hear about Jamie cheating on Zach?
Yeah, shit is goin down!

it's goin down 

It's about to happen, something is about to jumpoff; it's happening right now
Celly Cell "It's goin down tonight"

Q: Hey, has the party started?
A: It's goin down right now

That bitch just stepped on my foot, oh hell naw, it's about to go down!
it's goin down by that dozen April 30, 2005

its goin down 

Getting readi to fight or readi to fight sumone
meet me in tha mall its goin down. or...
Yo its goin down with bob && joe tomorrow afta skool.
its goin down by CHERiSE May 20, 2006

we goin’ down streaks

an expression used to describe the state when you are not functioning at your optimal capacity.
*fails a test*
me : we goin’ down streaks

BOINS GOIN' DOWN AND BOINS GOIN' OUT 

Eating hot spicy food and its resultant post digestive evacuation
Sal: " I just had a hot peppers and saseech sub fer lunch.
Guido:" YEH ! Dat shit BOINS GOIN' DOWN AND BOINS GOIN' OUT!!!!!