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'The Rock' Goes Crazy Over UFC's 'BMF' Belt at Diaz vs. Masvidal Event

4:18 PM PT -- The Rock is so FIRED UP about presenting the UFC's "BMF" belt at UFC 244 this weekend ... he busted out his signature catchphrase right before the weigh-in.

DO YA SMELLLLLLL WHAT THE ROCK IS COOKIN?!?

Yeah, it was awesome!!!

Of course, Dwayne Johnson will present the belt to the winner of the fight -- and at the weigh-in on Friday, you could feel the electricity in the room.

Diaz is ready. Masvidal is ready. This is gonna be great!!!

Here it is ... the official "Baddest Mother F**ker" belt!