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Short for "Oh my God! What the fuck? John Fitzgerald Kennedy Barbecue!". This was first uttered on November 23rd, 1963 just one day after President Kennedy was assassinated in the dialogue below.
(During the cremation of JFK's corpse, 2 random guys walk onto the scene, soon to utter the first OMGWTFJFKBBQ ever)

Random dude 1: OMG!
Random dude 2: WTF?
Jackie Onassis: JFKBBQ!!!!!!!!!11!!!!!!2!!!!!!!!7!!!!!!
by OMGWTFJFKBBQ July 01, 2008
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