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A catchphrase popularized by the movie, "American Psycho". In the scene which contains this dialogue, the central character says, "Hey Paul" immediately before suddenly striking his nemesis, Paul, in the face with an axe.
Example 1:
"Dude, that guy is such an asshole. I'm about two seconds from "Hey Paul'ing" him in the face."

Example 2:
Person 1: "Look at that guy over there, I fucking hate that guy."
Person 2: "Yeah"
Person 1: (shouting at guy) "Hey.. Paul!"
Person 2: "I think his name's Andy, man."
Person 1: "Nevermind."
by Tweek927 September 10, 2007
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2
The term catchphrased by the movie american physco, when the main character yells "Hey Paul!" and kills another with an axe. (The character who did so is the meme known as "Dubs Guy" on /b/) Usually used to scare someone/ express that you'd want to kill someone else.
Example 1:

Guy 1 is randomly standing around
Guy 2 yells: Hey Paul!
Guy 1 jumps.

Example 2

Guy 1: Dude why the fuck did you do that?
Guy 2: i dunno lol
Guy 1: HEY PAUL!
by EDGAR ALLAN MOE February 02, 2011
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