Well, he could have meant "Fly down and help me! AARGH!!!"... but I doubt it.
Seems to me Tolkien was going for dramatic impact rather than humour. If you ask me, screaming out "I never saw Venice!" (a la Death to Smoochy) would have been much funnier.
Clearly, Gandalf meant for them to fly, to run away really really fast because they were in a very nasty situation. Gandalf knew that Frodo and the Ring were the most important things, and that they had to be saved at all costs.
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But Gwindor answered: 'The doom lies in yourself, not in your name'.
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