It’s pretty funny. My best friend, who happens to be a female, has two different guys she is dating. One time I went out for breakfast with her and one of the guys, and I noticed that she would go through his cell phone records and ask him “why didn’t you call me during your lunch??”. I just assumed she kept people on a short leash.
The observation that they are cheating on you is apparently quite accurate! LOL
I'm in my early sixties, and I'd never heard that one before .... although I suppose it grew up in the last 25 years or so, since cells became common. Unintended consequences of modern technology -- women cheating on their men while managing them like dancing bears.
The dancing-bear bit has been around a while, though.