I just learned this phrase, and it's EXACTLY what Slovenian basketball team did in 1/4 finals of European Basketball Champs 2007. And then again. Or, as my friend would say, they did "like a cow, that just gave 30 liters of milk and then kicked a milk bucket".
I have to stop following sports, or I'll kick a bucket before I'm 40.
Another thing I learned tonight: It seems like kicking a bucket is not the same a kicking a bucket after milking.