She can't help it you guys are idiots, the song is obviously a tribute to old hip hop songs. Each Line is a old tittle from a hip hop song, Big Hoops meaning Big Hoop earnings, like what women use to wear in that era.

Hey hey hey, what's the scenario (A TRIBE CALLED QUEST)
The boy keeps passin' my by (Pharcyde)
I said no diggity, no doubt. (Blackstreet)
I thought I told you I was fly,Yeah he and all of his friends they
They got that hair like Hi- five. I don't wanna talk about sex
Wanna express myself tonight. (Salt and Peppa)