The Term signifies an event or an occurrence that is so crazy or out of the orderay that it is completely
absurd or
astonishing.
In the normal sense hell isnt seen as
flying nor moving so that is how the term got its definition. Because of how insane a flying hell would be.
Mat: Hey did you hear Janet got shit faced and went
scuba divin inside of the library
aquarium???
Me an intellectual: What the flying hell? Really???