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king of the world 

Temporary feeling of exhilaration, or a spurious feeling of authority. From Leonardo di Caprio's lines at the prow of RMS Titanic in James Cameron's 1997 movie.
"I'm the king of the world!!! WOOOO-HOOOOOO!!!"
king of the world by Fearman November 11, 2007

armpit of the world 

The state of New Jersey.
John: (entering New Jersey) What's that smell?

Friend: Welcome to the armpit of the world.
armpit of the world by RealDuffy August 15, 2005

Hardest Nigga in the World 

A nigga who is harder than a motherfucking nail with motherfucking rust on it.
I'm the Hardest Nigga in the World. You ain't shit you silly puddy motherfuckers. If you so hard, stop callin' me private. Leave me a number so I can call yo bitch-ass back you bitch.

save the world

A REALLY annoying term and storyline used way too much in movies and television shows. The comment itself sounds absolutely stupid, and is commenly used for one person (i.e. Buffy the vampire slayer) which makes it hard to believe that one person could do the job on their own. Even when they get help from others, considering that there are 6 billion people on the planet and considering the size of "the world," it makes it too radical of an idea to actually be interesting. Even when the storyline IS good, it's still a stupid term to use.
Ice cream man: You want me to walk off of my job?! What am I supposed to do for you and your company?
CIA dude: Save the world.

What in the world wide web? 

What you say when you stumble across something bizzare, unusual, shocking, and or interesting while surfing the web.
Urbandictionary.com What in the world wide web is that?

they didn't set the world on fire

A phrase used to describe the averageness of a group of people's actions or behaviours.

Also meaning, nothing special, just average, not 'hot' or on fire.

'They' can be replaced by another pronoun if used to describe a singular person/place/event:
e.g. he/she/it didn't set the world on fire

John: Did you like the concert? Were the Rolling Pebbles any good?
Tim: Oh well look, they didn't set the world on fire but they were alright.