I have never seen this commercial that originally started this fad. Odd. I see/hear this in everything else though.
Then you don’t watch much sports on TV. Ugh. This is one of those “I can’t believe I hate the whole thing” phenoms. But when my 3-year-old son says it, it’s really cute.
You must not watch sports on TV then. You probably read books, take walks in the park, play with puppies and kittens and volunteer in nursing homes. What on Earth is wrong with you?!?!?
MSK, you can see the commercial at Punchbaby.
A modern lingo version of What’s Up.
What’s Up?
An adverb indicating direction. 
V.
Well, I didn’t even know it was from a commercial. (True, I don’t watch tv sports.) I just wondered what the hell this was and why it has infested every crevice of the world all of a sudden. Figures, more dumb crap spread like manure by the ever-willing media, and jumped on even more eagerly by the ever-willing public. Can’t people have an original thought anymore, must even things as trivial as our common everyday speech pattern just be jumping on the most recent bandwagon to pass through town?
I’m sorry, there goes my irritable, misanthropic side again.
Excuuuuuuuuse meeeee.
Carry on.
(Just having a bad day - nothing personal.) 
::need to get out of here and have a beer or twelve::
I saw wazzup and wazzup part 2, downloaded from the Punchbaby link. Pretty funny. Now I have to use it too. Its addictive.
So, “B” wazzzzzzzzzzzzzzzuuuuuuuuuuuup?!
Nuttin, just readin’ the board, havin a dew. Wassup with you?
Seen this one yet?
heh, we had a field day with this at work. One of the programmers (!) even made a short animated movie using pictures of people in the office. It was great fun.
However, the whole thing is getting really irritating now.
-niggle
Insidious, that’s what I call it. I’ve caught myself using it (shudder) - whassup with that? Ooops!
Anyway, I comfort myself that it was really started by Bugs Bunny.