My dick is made of carrots
Bunnies wantin' to be fed and I meant honeys, oh forget it
“Bunnies” want to eat his “carrot” meaning his dick. He may be referring to snow bunnies which are white girls who like black guys or Playboy Bunnies.
However, if you notice the construct of the lyric, he wanted to say “honeys” instead of “bunnies”, but it didn’t fit the metaphor.
This is also a play on words. “Carats” is a measurement for diamonds, and diamonds are the hardest rock around. Dicks are also hard, thus the connection.
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