the phrase comes from Hollywood Squares. I use it when I agree or disagree with my friends. Example: Caitlin: You know, that guy's ass is so fine. Sara: Oh, I disagree. Circle take the square. or if you want to extend on this phrase, you can block (i.e. Sara: I'll take Whoopie for the block, his ass is far from fine. )
CIRCLE TAKE THE SQUARE
Meaning of CIRCLE TAKE THE SQUARE in English
Slang English vocab. Английский сленговый словарь. 2012