First uttered by Steve Firth on Usenet (<1g7erz5.jqqjucw596s5N%%steve%@malloc.co.uk>), this is simply another variant on all those fuck-<insert-noun-here> insults that people use.
Very good, don't you think?
Heck, you'll never know will you, fucktrousers?
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Used as an exclamation of excellence or enjoyment. Normally shouted at high volume for maximum impact - louder generally meaning that one enjoys the event in question more.
1. These peaches and cream are esplanade!
2. Esplanade! (common)
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