Cap has been slang for a lie or exaggeration for years, and its opposite, no cap, became mainstream in the late 2010s through rap lyrics and social media posts. Boy that's cap builds on that phrase as a direct, second person callout rather than a general comment. The recording itself has no confirmed film, show or creator source and circulates mainly as a short soundboard and short video reaction. Its popularity comes from how portable the phrase is, fitting sports boasts, gaming claims, school stories and everyday group chat arguments.