As a product of the 1950s myself, I can attest that the reference M. Bison makes is to THE Jiminy Cricket, the legendary, iconic and ubiquitous Disney character.
First time I think I've heard that expression, though. Wonder if it's actually used in pop culture or if it's strictly the invention of Dan Gurewitch, our head writer through this last season of episodes.
Yeah! it's an expression like "Great scott" Jimminy Cricket's D**k, I love how creative that line was..
