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It would typically be used as a sarcastic response to a statement regarding the likelihood of an event occurring - similar to "when pigs fly" or "when hell freezes over." In other words, the odds of the subject event ever happening are about as good as monkeys flying out of someone's butt. See Wayne's World. For example, my wife says "I think I will stop spending so much money" and I say "Yeah, and monkeys might fly out of my butt" - meaning, no way, no how is she going to stop spending so much money.

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13y ago

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