How is “walk the plank” used?

In The Other Guys (2010), one line is: “You can either walk the plank or take your panties off.”

Which movie is “walk the plank” from?

The clip at the top of this page is from The Other Guys (2010).

Idiom

to walk along a board placed over the side of a ship and fall into the sea, as a punishment

Heard in 5 movies

(in the past) to walk along a board placed over the side of a ship and fall into the sea, as a punishment

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

You can either walk the plank or take your panties off.

Said in 5 films · #1