This is, ofcourse, a reference to Snoop Dogg’s well known hit “Gin and Juice”, a song about ‘a more laid back side of the streets’.

In 1992, Bill Clinton claimed that he smoked marijuana, but didn’t inhale. Or, in his words:

“When I was in England,” he said, “I experimented with marijuana a time or two, and didn’t like it. I didn’t inhale and I didn’t try it again.”

Jaguar is a British luxury vehicle brand, that has produced cars since 1935. It has its headquarters in Whitley, Conventry (England), but was taken over by the Indian company Tata Motors in 2008.

T-Pain named his Jaguar a “shaguar” in honor of Mike Myers, who popularized the word “shag” in his Austin Powers movies. Shag is a British slang term for sex.

The “yeeeaaah baaaby!” was Austin Powers' catchphrase.

In the 2000 film Memento the protagonist relies on self-made tattoos to counter a chronic condition of short-term memory loss. That same year Hov had declared that the “only Psalms [he had] read was on the arms of [his] niggas…”

Carter 4. The fourth installment of Lil Wayne’s Carter Albums.
Also, loosely continuing on the “fire/hot things” theme going on here, C4 is an explosive.

Who needs Justin Bieber when you look like Hannah Montana?

(Lil B seems to disagree with this-he’s also released a song comparing himself to Justin Bieber)

Troll dolls have crazy hair, and Asher’s hair is similar because he hardly grooms it.

A blumpkin is a blowjob received while sitting on a toilet taking a dump.