More accurate lyrics are here:
GRABBED UP THE BOXERS
I think Everlast is saying the Bush family act like a Mafia or gangster in general, and more or less get away with murder.
It’s worth mentioning the Terminator 3 film was released about a year after this album.
Also a reference to KOBE Bryant and Miami HEAT.
Monster Island is also the fictional island were the monsters live in Toho’s Godzilla films. The rappers from MIC are named after after these monsters. Doom’s alter ego is King Ghidra.
Vinnie also released a song called Animal Rap with Kool G Rap, so it’s also a back reference.