Said in response to someone saying thanks. Comes from a Joke where David Hasslehoff asks a Clerk to change his name to the Hoff... when the Clerk said Sure, No Hassle. Now instead of saying "No Hassle" people just say Hoff.
Someone doing something that they shouldn't be doing e.g. a ref giving a bad decision at a game, a child playing with a box of matches, a garda pulling up someone for pissing in a dark alley etc.