The 'Habeeb It' meme stems from a classic segment in the Homestar Runner web series, specifically referencing a parody of cheesy television commercials. The phrase 'Habeeb It!' is a pun on the common exclamation 'Believe It!' and is typically shouted with exaggerated, high-energy enthusiasm. It gained significant traction in early 2000s internet culture as a go-to reaction for things that are hard to believe or simply as a nonsensical exclamation of excitement. Over the years, it has evolved into a versatile template for expressing shock, enthusiasm, or ironic disbelief, maintaining its status as a beloved and nostalgic piece of internet history.