What does this pose mean?

I originally thought it was just Oden’s pose, however I’ve been watching Naruto the past few months and while I couldn’t find a good image, I remember Jiraiya doing the same (or a really similar pose) when he first met Naruto. Rewatching Dragon Ball Z, Captain Ginyu also does the same pose while he and Jiece are introducing themselves to Krillin and Gohan. Yamato and Kinemon also do this, although I believe it is more so a reference to Oden than anything else

In all three cases, they strike the pose before rolling their heads around in a circle. It is also often accompanied by traditional Japanese music. I’m curious about if it potentially has any deeper. Anyone know what it means?