The Shahrukh Khan staring couple in Holi meme originates from the 1993 Indian film Darr. In the Bollywood movie, the sequence is when Rahul Mehra (the character played by Shahrukh Khan) in disguise of a percussionist visits his crush’s Kiran Awasti’s (the character played by Juhi Chawla) brother house. In the meme, the upper pane shows Kiran Awasti and Sunil Malhotra (the character played by Sunny Deol) hugging while celebrating Holi. In the lower pane, Rahul Mehra is beating drum while looking at the couple with grudge. The popular use of the Shahrukh Khan Beating Drum/Staring Couple in Holi meme is to mock someone for being envious of others.
Thanks for providing this funny meme