The Risk Hai meme originates from the 2018 Excel Entertainment’s Web series Mirzapur Season 1. In this Amazon Prime Video series, Kaleen Bhaiya (the character played by Pankaj Tripathi) says this to Guddu and Bablu Pandit when they had a violent scuffle with Akhandanand’s son Munna bhaiya. When being called upon, Kaleen Bhaiya tries to scare the brothers saying, “Risk hai.” The popular use of Risk Hai meme is to scare someone by telling the consequences.