An exclamation of excitement, usually in regards to totally caliente chicks. Also used to describe a feeling of optimism and general well being. See psyched, def. 1. This expression reflects the overall impression of the Telemundo network, colored with images of ravishing, curvacious girls, jovial gamesters, voguing MCs and adrenaline-fueled action. The expression was brought to national attention on ABC's short-lived but entertaining television series Maximum Bob (1998). In one episode Bob Gibbs (portrayed by Beau Bridges) is happy that things are going his way. He is elated, and feeling great. He beams, "Telemundo, baby!" Used in the same vein as the Austin Powers' exclamation: "Yeah, baby!"
Upon seeing the pole dancers slide and flex their bodies in rhythm to the pulsing orgasmic sounds, Ron pulled out a twenty dollar bill, guzzled his beer and yelled "Telemundo, baby!"