An expression of bravado used when revealing one's penis for intercourse. It can also be used in public urinals or other inappropriate places.
Jake was arrested for walking into the women's lavatory, pulling open his trench coat (under which he was naked save for business socks), and shouting, "Release the Kraken!"
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In a pornographic film, the expression of feigned astonishment on the face of the actress upon seeing her co-star's penis. Taken from the iconographic poster for the 1990 movie Home Alone, which features actor Macaulay Culkin with hands raised to his face and mouth open in disbelief.
"Oh my God," exclaimed Alexis, affecting her best Home Alone face, "It's so BIG!"
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