Place it at the end of a clip, just after the impressive action, then follow it with the Victory Sound Effect to celebrate the moment, or start with Awkward Crickets when the praise is meant as a joke.
About this sound
This is a very short spoken line, just over a second long, delivered in a warm, admiring male voice saying he wants to shake someone's hand. It feels funny and oddly sincere, like a sudden burst of respect in the middle of a joke. The clip comes from Dudesy episode 11, featuring Will Sasso.