It has completely dissappeared from the Slang radar after September 11th, 2001 because no one wanted to be suspected of terrorism for using it.
Dude 2; Yeah its da bomb!
Dude 1: This party is da bomb!
Dude 2: Ah! Terrorist!
grammatical connection to the rest of the sentence and simply demonstrate the explosive feeling
of a particular experience.
Jackson: Forcheezy! That last shot Jordan made at the buzzer was Da Bomb son!