Hip deep in the Pepto,

from Childish Gambino (Ft. Problem) – IV. sweatpants Lyrics on Rap Genius

Meaning

Now that’s deep.

Pepto = Pepto Bismol, which is known for being pink.

Oh, but Donald’s not fucking medicine! He’s hip deep in some pussy, which is also known for being pink…

Notice that most say they’re balls deep in the pink. Gambino says he’s hip deep.

Unless there’s a problem (whaaaaaaat?!).

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