The emote "༼ಥل͟ಥ༽▬ι══>-══ι▬(•̀_•́ผ)" is commonly referred to as the "knife duel" or "sword fight" emote. It depicts two stick figures engaged in a dramatic battle with knives or swords. The emote is often used to express excitement, tension, or anticipation, and is popular in online gaming communities. Additionally, it has been associated with a scene from the movie "The Raid 2," which features a similar knife duel.