The Panik Kalm Panik meme features the surreal 'Meme Man' head in a three-panel sequence representing a sudden rollercoaster of emotions. It originated in early 2020 on Reddit, utilizing intentionally misspelled words which are characteristic of the character's 'Stonks' dialect. The format typically highlights a situation that seems bad, followed by a reassuring but temporary thought, and concluding with a realization that makes the situation significantly worse. It has since become a global staple for expressing anxiety, situational irony, and the chaotic nature of daily life.