An 80's term meaning to crank up the volume on a boombox and rip the knob off so nobody can turn it down.
Boombox: (song starts playing)
Guy: This is my favorite! Crank it up and rip the knob off!
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normally you'd say let's crank this shit up to eleven because its soemthing really awesome and cool and you wanna take it to the next level
Jack:Dude i got some chronic wanna smoke it?
Tim:Let's crank this shit up to eleven
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