1) The opposite version of 90's slang term “All that and a bag of chips”, which means “good, plus extra!”
2) To mean that a person is "all that (they're said to be)" and worse. Someone that, once given an opportunity, is likely to become more controversial and problematic than they already are or are believed to be.
3) An individual that, when opening his or her mouth, is like Pandora's proverbial and mythical box as they get into situations that get out of hand or become hard to control.
The American people thought that Donald Trump was 'all that and a can of worms' even from the fateful moment he announced his candidacy for president.
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That and a platinum card, is a modernization of the saying, that and a dime will get you a cup of coffee. The meaning is something is without any particular, practical value.
A phrase created by the famousyoutuberRayWilliamJohnson. It is said to win every fight against trolls and any arguments. It has gotten so well known that someone even made a twitter for the phrase, and got its place in the 'know you meme' website.