[Thanks to Illustro]I guess this song is best described as a dumb white dude trying to do the Gangsta Rap thing, only he is even dumber than those songs. And yes, it's extremely sexist and stupid, but it's a parody. I'm not sure it's all that funny, but it may have some kind of point.
He's made some good songs (also parodies) too:
[Thanks to Illustro]