UPDATE:  Well, credit where credit is due.  It turns out the Philadelphia Inquirer's Steven Rea revealed this bit about the origins of the milkshake speech back on Jan. 16.  How did I miss that?

EARLIER: Yes, yes -- "I drink your milkshake" has entered the fim lore lexicon as one of the all time badass phrases to be quoted from here until the ends of the earth.  IDrinkYourMilkshake.com has a loyal following and you can have you're own email address from the site (I have mine -- what about you???).  Meanwhile. there's an extremely popular YouTube mashup out there grabbing tons of page views.  But the phenomenon itself has spiraled out of control while no one has really dug into the matter.

Well, Scott Bowles of USA Today has done a nice job of tracking it down, including unearthing some interesting history behind the phrase.  Take a look:

New York magazine even offers a user's guide to the phrase. It suggests using it as sports metaphor ("The Celtics drank the Knicks' milkshake last night"), a sexual double entendre or a taunt, as in "You'd best back down before I drink your milkshake."

Anderson concedes that he's puzzled by the phenomenon — particularly because the lines came straight from a transcript he found of the 1924 congressional hearings over the Teapot Dome scandal, in which Sen. Albert Fall was convicted of accepting bribes for oil-drilling rights to public lands in Wyoming and California.

In explaining oil drainage, Fall's "way of describing it was to say 'Sir, if you have a milkshake and I have a milkshake and my straw reaches across the room, I'll end up drinking your milkshake,' " Anderson says. "I just took this insane concept and used it."

Read the rest!