This meme originated from Kenyan rapper Dunda Ghetto Cowboy's single "Its Okey". The song is known for its catchy yet often ridiculous lyrics and the hilarious manner in which the video is shot.
It is notable because the artist seems to be completely oblivious that this video is hilarious. Dunda Ghetto Cowboy is absolutely serious throughout and confident in the strength of his music.
No variations exist.
It is growing in popularity very quickly. The catchy nonesense lyrics are easy to pun and often permeate normal conversation.