(Jim is ready to see what Walt (Walter) brings to this battle)
cause your raps are uselss when i'm pulling the strings
(Jim then says Walt's raps are useless when Jim is "Pulling The Strings" or controlling this battle. This also references Jim being a puppeteer.)
I grew up on the Sesame Street and into the Dog City,
("I grew up on the street" is telling someone you lived rough. Jim says he grew up on Sesame Street, a show that included his puppetry. He also references Dog City, a episode special in The Jim Henson Hour.)
messing with me son? HA! you must be so gritty.
(Jim is calling Walt brave for trying to face him)
but first off i'm in shock of your hatrid of the jews,
(Walt Disney was rumored to be Anti-Semitic or hatred of the jews in which Jim Henson finds its shcoking)
so shocking better send it in a flash to the muppet news.
(Jim was so shocked that he's gonna put it on the Muppet News. Muppet News Flash is a segment in The Muppet Show.)
they say you were cryogenically frozen at some carribean rides,
(A Famous Walt Disney Rumor is that he is actually cryogenically frozen inside the Pirates of The Carribean Rides.)
Well unlike Oswald, Your not lucky when it comes to rhymes.
(Oswald The Lucky Rabbit is a character created by Disney. Jim says unlike Oswald's name, Walt won't be so lucky in this rap.)
We got parades, Billions of Dollars, Cookies, and comedy Waka Waka!
(Sesame Street usually appears in The Macy's Thanksgiving Parade, The Muppets are worth millions if not billions, Cookie Monster eats a ton of cookies, and Fozzie includes his comedy along with his phrase "waka waka".)
(Miyazaki comes in and tells Porky he is the one to finish it.)
Cartoons? Puppets? HA! Its clearly all about the anime.
(Miyazaki says Anime is much better then Cartoons and Puppets since Anime brings more meaning while people refer Puppets and Cartoons as kid stuff.)
Disney, you may have your kingdom, but I have my own in the sky!
(Miyazaki then states Disney may have The Magic Kingdom,but it can't beat Miyazaki's Castle in The Sky, an anime movie.)
Henson, Your flow is much as Super Grover can fly!
(He then goes to Henson and says his flow is comparable to Super Grover flying. Usually in a Super Grover Segment, it begins with Grover crashing down to the ground meaning his flying isn't so good. Miyazaki is basically saying Henson's Flow sucks.)
Now Jones, nobody knows you, this should just be a pinch,
(He finally goes to Jones, who is the least known of the creators in this, as Miyazaki says this should be easy.)
Go back to your animated cave and hang out with The Grinch.
(Miyazaki says to hang in the cave and The Grinch he created from his Dr. Seuss Animated Adaption of How The Grinch Stole Christmas.)
Now Totoro I just need you, no need for Sam and Friends so Spirited Away near and far.
(He then tells Totoro to finish them off as he references Sam and Friends, the first show Jim create, Spirited Away, a film by Miyazaki, and Near and Far, that being from the song on Sesame Street known as Over, Under, and Through by Grover.)
YEAH! CAUSE AT LEAST WE DIDN'T END UP IN CARTOON ALL STARS!
(Totoro then proceeds to inform them that unlike any of the other rappers, they weren't in Cartoon All-Stars to The Rescue, a very poor drug PSA TV special that featured characters from Ducktales, Muppet Babies, and Looney Tunes.)