I have heard it, but very rarely. I've heard other slang terms far more than that one.

I wasn't trying to say that it was more common than other slang terms. I meant that it was interesting because it's well known at all. In the US, if I say something like "Mister Happy hasn't had any action in two weeks", almost every US adult will know what I'm referring to. It's only interesting because it comes from a specifc stand-up comedy bit by a specific comic artist.

Can anyone think of any other pop culture terms/phrases that fall into the same category? Ones that can be traced directly back to a single utterance?