The phrase often carries a sense of irony about a situation that's unpredictable.

Expect Uncertainty

It's used when someone is overly confident, suggesting their confidence might backfire.

Ominous Overconfidence

The phrase is informal and often used among friends to caution each other humorously.

The phrase can refer to impactful or poetic final quotes from history or culture.

It may highlight the emotional weight of final goodbyes said by influential people.

Famous last words often encapsulate the speaker's personality or life philosophy.