The line comes from the animated comedy South Park, spoken by school counselor Mr Mackey, whose mmkay catchphrase has been a running joke since the show began in 1997. In context the warning exaggerates a local problem into a massive lawsuit against the whole town. Clips of Mackey reactions circulate widely as soundboard sounds and meme edits, and this short excerpt became popular for legal jokes because the quote works completely out of context, needing no setup to understand the threat.
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A South Park clip of Mr Mackey warning they're going to sue the whole town, mmkay. Used as a funny reaction to lawsuits, complaints and legal threats online.
This is a short voice clip of Mr Mackey delivering a panicked legal warning in his familiar drawn out style, ending with his signature mmkay. He says they're going to sue the bajeezus out of the entire town, stretching the threat until it sounds more absurd than serious. The calm, counselor like delivery clashes with the size of the lawsuit he is describing, which is what makes it funny. Played on its own, it instantly turns a small complaint or mistake into a dramatic, town wide legal disaster.