This malaphor was spoken by Congressman Paul Ryan (R – Wis) during his appearance on Morning Joe when asked for his “prebuttal” on Obama’s forthcoming budget. It is a mash up of “hold one’s fire” (refrain from criticism) and “keep one’s powder dry” (ready to take action if necessary). To “hold one’s tongue” also might be in the mix as it has a similar meaning and fits in the context. Or maybe Rep. ryan is changing his mind on the current gun legislation proposals? Many thanks to Mike Kovacs for spotting this one.