Elizabeth, this is it

from The Pharcyde – Otha Fish Lyrics on Rap Genius

Meaning

This is a clever reference quoting the main character from the show “Sanford and Son” where Fred Sanford, played by the late great Redd Foxx, would shout “Elizabeth, this is it! This is the big one!” while faking a heart attack.
http://www.youtube.com/watch?v=stdi-1tIUhM

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