Calico inside the handbag, I'm keepin' the cat

from Childish Gambino – Pound Cake (Sway In The Morning Freestyle) Lyrics on Rap Genius

Meaning

Bino won’t “let the cat out of the bag”, referring to how he won’t be speaking on any of the previous questions, as a Calico is a type of cat.

He might also have a “calico” gun concealed in the handbag, in which case he’s letting his gun out of the bag like a cat (also calico) #wordplay.

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