You know i know you know

A phrase you use when you want to simultaneously confuse the dingleberries out of someone and also manipulate them at the same time. Works like a charm but don't use this on people who know what it means or you'll just make a fool of yourself.

Jason : Who the hell was throwing a party in our basement the other night ??
Kevin : I don't recall anything about a party the other night
Jason : Then why are there 297 empty cans of bud light in the basement
Kevin : Please James I can explain everything
Jason : You know i know you know where this is gonna lead to
Kevin : ????
Jason : LOL

Kevin : *Trips on a Bud Light can and falls ass over tea kettle
Jason : LOL