I'll have your guts for garters British old-fashioned
To threaten that you will punish someone severely because of what they have done
If you keep breaking my vase, I'll have your guts for garters!
If the child fails the exam, his mother will have his guts for garters!
"I have lost 100 dolars!" "Your mother will have your guts for garters!"
If you lie to me, I'll have your guts for garters!"
I'm not stupid or easily scared.
Used to threaten someone that you will hit them, usually in the head
Are you informing me of good or bad news?
To use force or threats to get someone to do what you want.
It dates from the Tudor when disembowelment was used in the UK for torture and execution. They use the intestines to hold up the stockings. However, the threat wasn't a real one, people use another object to refer to this punishment: garters. Graters use to be used to hold up a stocking or sock.
Daughter: So I really want all my friends to have a great time. I was thinking it would be a good idea to have some candy out on the tables for people to snack on.
Mother: Well, if you want them to really enjoy themselves, candy is dandy but liquor is quicker.