Holding nothing back. Usually refers to ending something.
The term comes from the hammer action on a gun. The hammer dropping on many pistols is what causes them to fire. If you "drop the hammer" on somebody, you go all out.
Matt Hughes was doing good until GSP decided to drop the hammer on him.
When 2 guys swing their dicks at the same time to strike a girls temples and knock her out.
Sally: I hope i don't get slammed again.
Mike: 1... 2... 3... GO!
Sally: Damn you guys! (falls to floor face down)
Mike: Let the games begin.
Dan: Thank god for the Alabama Hammer Slammer or we'd never get laid!
According to the comedy troupe Monty Python "a dance which was done every 25 minutes in the town of Trondheim in which the old ladies were struck about the head with large clubs". Has come to refer to any gathering where a defenseless group of people are beaten up by soldiers or police for no particular reason.
Q: Hey dude, are you heading down to the G20 protest?
A: Not a chance, dude. That will be a Trondheim Hammer Dance for sure.