this has nothing to do with kung fu. i was greatly disappointed.

The Kung Fu bit is a reference to Celebrity Jeopardy. (SNL skit) :P

It's obviously a reference to the first Matrix movie.

well that was pointless.

No, it's obviously a reference to SNL... where Keanu Reeves says "I know Kung Fu!" ...and Alex Trebek (Will Ferrel) replies, "For the last time... no you don't!"

The SNL skit is a parody from that line in the movie then.
The movie came first.

Does he say that in the movie? Ah well.. my mistake.

Check it out:

http://www.youtube.com/watch?v=EmEPXXJ4sKw

Admin sure is getting in on the conversations lately, huh?

Lol Rebel!
You really need to brush up on your film trivia. :D