Talking about bass, you thinking bout sub
Marine maybe
They other hoes in your boat

from Big KRIT – Lions and Lambs Lyrics on Rap Genius


He’s saying someone in his crew is talking about base (crack) because he’s thinking about subs (speakers for his car), but then the narrator tries to correct his underling’s thought process by saying if you’re thinking sub, then think submarine, because that’s what puts the holes (not hoes) in your boat (making reference to the sayings “run a tight ship”, meaning keeping your organization orderly and disciplined, and “a small leak will sink a great ship”, meaning that no matter how smooth that drug shit seems to be running the slightest hiccup can land you all behind bars or getting clapped up by the competition so you gotta keep an eye out.

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