>>8107166That is the Palo Special, a legitimate fighting technique created by English catch-as-catch-can grappler Jackie Pallo and later utilized by 'Gracie Killer' Kazushi Sakuraba and Warsman from Kinnikuman.
My personal favorite variation is the Reverse Palo Special, aka the OLAP Technique, so called because it's 'Palo' in reverse!
