What is the origin of the idiom "hold my beer" and when to use it?

The idiom "hold my beer" is a relatively modern expression that has gained popularity in recent years, especially in internet and social media culture. While its exact origin is not precisely documented, it is closely associated with viral internet memes and videos that humorously depict daring feats or challenges, often involving individuals attempting risky or bold actions. This expression is used as an introduction to an action or statement, indicating that someone is about to undertake something daring, risky, or bold. It suggests that the person believes they can outperform a previous accomplishment or is willing to take a substantial risk.