it's goin down 

It's about to happen, something is about to jumpoff; it's happening right now

Celly Cell "It's goin down tonight"

Q: Hey, has the party started?
A: It's goin down right now

That bitch just stepped on my foot, oh hell naw, it's about to go down!

it's goin down by that dozen April 30, 2005

it's goin down 

Homosexual innuendo implying a male threesome which includes oral compilation and anal penetration, simultaneously.

Also see. Lucky Pierre

Popularized by the music artist Yung Joc's song, "It's going down."

(Three males walk mall's public restroom)
male 1: "Is it goin down"
(Male 2 looks around the corner to see if anyone is around)
male 2: "It's goin down"
male 3: "Last time I did this I got the clap. You guys free?"
male 1: "Yeah bro I wear a condom."
male 2: "Do I look like I have something?"
male 3: "Nah, you look good."

it's goin down by Scattel2z August 9, 2006

it's goin down like china town 

-a phrase often used to emphasize the meaning that something is about it happen.

-when you wanna ryhme with 'it's goin' down'

girl: we have to go to the party at becca's this friday

boy: oh hell yea, bro. it's goin down like china town
------

boyfriend: babe, am i seeing you in your birthday suit tonight?

girlfriend: oh baby, you know it's goin down like china town

------

boy 1: it's on like donkey kong ?

boy 2: it's goin' down like china town

it's goin down like china town by idc1234 October 7, 2011

its goin down 

Getting readi to fight or readi to fight sumone

meet me in tha mall its goin down. or...
Yo its goin down with bob && joe tomorrow afta skool.

its goin down by CHERiSE May 20, 2006