Spin the wheel 

A threat, and a very serious one at that. If somebody threatens to spin the wheel on you beware! The wheel is a devastating haymaker type punch that may very well take your head off.
However, due to the severity of 'the wheel' it is very rarely spun. 'Spinning the wheel' is no joking matter.
Sometimes called 'the wheel of justice'

One man may say to another who has wrongly cast doubts over his sexuality: "if you don't take that back I am going to spin the wheel"

Spin the wheel by Matty Boy October 7, 2004

Spin the wheel 

spin the wheel: to spin the wheel is to try your luck with girls... similar to going to the casino, and trying your luck with the roulette or chocolate wheel. although in most attempts the casino gives better odds

"hey i'm gonna go over there and spin the wheel"

"that booty is too good for you, don't bother"

Spin the wheel by Archie vander January 23, 2010

re-spin the wheel 

It means to take a gamble so that you can change a situation that has become intractable.

You have got stuck in your current strategy. Your current options are either to do nothing or to lose. So you take the third option of introducing some randomness, knowing the situation can’t get worse, hoping the new situation will provide you more options.

Damn, the restaurant is closed. Let's take a walk and re-spin the wheel.

re-spin the wheel by alce March 1, 2019