Usually said after saying something smart or intelligent.
A longer version of the sentence is 'Up here for thinking, down there for dancing, out there for shaking and down here for making' Usually one would point to their head then feet for the shortened sentence. If lengthened one should then shake their hands and then point to their mid section while saying the last two things.
The moment when everything blends into nothing, and you, your chosen lady and a bottle of Taste, have a flirty chat about puppies and caravan holidays in Geesala and then you realise....She will do for the oul Shtart!