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it's going down for real 

When someone in an argument says something that can cause the other person to lose their shit.
John: Yo.. did you hear that? Adam just insulted Ben's mother..
Matt: Ohh.. It's going down for real now.

It's not going down like that. 

The situation is not going to go as someone else planned.
Someone has a dumb idea they want you to participate in. Your answer should be "it's not going down like that.

.9.The more others run this way and that preaching doom and gloom the more you must refuse to worry about what’s going on. Deep down you know it will all come good in the end, so start the weekend early and have yourself some fun.9.

.9.The more others run this way and that preaching doom and gloom the more you must refuse to worry about what’s going on. Deep down you know it will all come good in the end, so start the weekend early and have yourself some fun.9.
.9.The more others run this way and that preaching doom and gloom the more you must refuse to worry about what’s going on. Deep down you know it will all come good in the end, so start the weekend early and have yourself some fun.9.

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 

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