Phrase came from a certian genius Mike John. Has two meanings:
1)Said when there is an akward silence or in a crowded hallway, funny enough to get a laugh even in a funeral.
2) Said when doing a kareoke song by Dave Matthews Band and you forget the words.
1) ......BLIP WOBBLE WET PEMYAS!!!...
2) "What would you say, BLIP WOBBLE WET PEMYAS!!! What would you say..."