The phrase builds on cap, long used in slang to mean a lie, and no cap to mean being honest. As short form video adopted reaction sounds, brief spoken callouts like this one became easy shorthand for disbelief that could be reused across unrelated clips. The wording the cap on this app frames the lie as something found right inside social apps, where exaggerated stories and staged posts are common. That general meaning keeps it flexible, so creators keep applying it to new boasts, rumors and screenshots without needing a specific source scene.