I think I heard this on TV before... I don't recommend using it. I've never heard someone using it in real life, anyhow.
1) It can used as a simple threat, after you're annoyed or you cannot tolerate what someone is doing and wish them to stop. (What Kenny said.)
2) If you're about to slap someone very hard.
It's similar to "I'll kick you into next week."
That's about all I can think of. But, still, I think leaving agressive behaviour out would be a better solution to any situation.