Place it immediately after the overreaction in your edit, as the direct reply to the panic, then follow it with No No Wait Wait when the other person keeps arguing, or cut to Oh My God Wow first if you want the drama to peak before this response lands.
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This is a short spoken Portuguese line that tells someone not to get worked up, delivered in a teasing, lighthearted tone across about nine seconds. It feels playful rather than harsh, like a friendly nudge to relax instead of overreacting, and its cheeky delivery makes the warning land as a joke rather than a lecture.