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Variation of phrase used when reacting to something interesting or surprising ("well I'll be darned")used in reaction to something that doesn't make all that much sense, or is just stupid.
First guy: "I had to split the gearbox at the seam, opened it up, and there was an old bent roofing nail jamming the bitch"

Second guy: "Well I'll be go to hell"

The emphasis is generally on the word "I'll" and on the first three words "well I'll be".
The final three words are generally said in a softer tone, muttered, or said under one's breath.
by Dalton Rattlesnake February 03, 2009
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