How is “live it up” used?

In The Lego Movie 2: The Second Part (2019), one line is: “This is the living room, where you can live it up.”

Which movie is “live it up” from?

The clip at the top of this page is from The Lego Movie 2: The Second Part (2019).

Idiom

to enjoy yourself in an exciting way, usually spending a lot of money

informal · Heard in 61 movies

Definitions from the Oxford Advanced Learner's Dictionary, 9th edition

This is the living room, where you can live it up.

Said in 8 films · #1