The phrase identifies a themed attire choice popular for the annual celebration occurring on October 31st. It typically consists of elements inspired by the 2006 comedy film, “Nacho Libre,” and includes items like a blue and red wrestling mask, a red cape, blue wrestling tights or shorts, and white boots or shoes. An example would be an individual attending a costume party dressed in the aforementioned components, embodying the character from the movie.
The selection holds appeal due to its humorous nature and recognizable character depiction. Its benefits include ease of assembly with readily available materials and the potential for comedic impact at social gatherings. The film’s release in the mid-2000s provides a cultural context, establishing the costume as a relatively contemporary, yet familiar, pop-culture reference.