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It's a movie cliche. The original saying (to the coach driver) was supposedly "Home, James, and don't spare the horses!" (The movie one allegedly goes, "Once around the park and home, James"--said to the chauffeur.)

Dates from the mid-1800s; there was also a 1934 song with the same phrase as a title: "Home, James, and don't spare the horses" by Fred Hillebrand.

From "Dictionary of Catch Phrases: American and British from the Sixteenth Century to the Present Day" by Eric Partridge, updated and edited by Paul Beal, Scarborough House, Lanham, Md., 1992) in; also,
The British show "Inspector Lewis" (or just "Lewis") references this saying. DI Robbie Lewis had just met DS James Hathaway, who has come to pick him up from the airport; as they prepare to leave, Lewis says, "'Home, James!' I've always wanted to say that." (The comma should be there; it's "Home, James," not "Home James".)

Lewis says it again at the end of the first episode of the third season. As he and DS Hathaway are preparing to leave, with Hathaway driving, he says, "Home, James!"
by Sammie28 October 04, 2009
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It's more like, ''Home, James!" referring to your *driver* to get a move on. I first heard my mother coin? this expression at the age of 8. I say 'coin' because i donot know from where it wast derived. We didn't have a driver, nor know any fellows named James. It was more like, let's go. I use this expression when I'm in the car, ready to get a move on, speaking to the driver who may or not go by the given name James. Luckily my new driver is actually named James so this isn't a problem.
Home, James! I'm done with this shopping establishment and would like to take a nap.
by Honey March 30, 2005
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What you sometimes call a bus driver in Montreal, if their name happens to be James.
"Hey, Home James! How far till Notre-Dame Basilica?"
by matt October 22, 2003
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