To go monumental is to be infatuated by one's ego to the point of acting in a exaggeratedly pretentious way. People who go monumental say things or produce art that is boring and crappy, while at the same time being ostentatious, overblown and pompous. This often creates a mental breakdown which causes the person who goes monumental to loose all contact with reality, and thus their very existence becomes utterly meaningless.
Guy 1: What's wrong with Larry? He's been acting like such a jerk!
Guy 2: I know, man. He's gone monumental.
It's when someone who has gone monumental sticks a finger up his or her ass in a public space and draws a fecal mustache over his or her lip, and then proceeds to act in a ostentatious and annoying way, often flirting.
Guy: Why has everyone suddenly left the dancefloor?
Girl: It's that douchebag dancing alone, he's pulled a Monumental Sanchez.
One who is a faggot of such epic proportions, that he/she would deserve a monument in honour of their faggotry, if said person wasn't such a raving faggot who should become an hero very very quickly.
Matt J. is such a monumental faggot, whenever I am stuck within 100 feet of his peadophilic ass I really want to jump out of the nearest high rise.
That guy isn't just your regular run of the mill faggot, he's a monumental faggot.