The term catchphrased by the movie american physco, when the main character yells "Hey Paul!" and kills another with an axe. (The character who did so is the meme known as "Dubs Guy" on /b/) Usually used to scare someone/ express that you'd want to kill someone else.
Example 1:
Guy 1 is randomly standing around
Guy 2 yells: Hey Paul!
Guy 1 jumps.
Example 2
Guy 1: Dude why the fuck did you do that?
Guy 2: i dunno lol
Guy 1: HEY PAUL!
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