The clip comes from user-generated soundboard culture rather than a clearly documented scene, where it is listed as a Mario swimming moment built around a single mmmmmm hum and tagged for Bowser. Its appeal is its brevity, since the whole sound is over in a fraction of a second and can be dropped into edits without interrupting dialogue or music. That makes it easy to reuse as a reaction, a joke beat or a transition, and short meme sounds like this tend to survive because they are instantly recognisable even out of context.