In the song 'My humps' The entire phrase after "she said" is the girl talking. This is important to note given that Will I Am is black 'your milk' refers to him and he is not the 'cocoa puffs'The girl he met was promiscuous and down for what ever. She is asking for his milk (semenal fluid, sperm, jizz) to be mixed with her cocoa puffs. Remember the old rhyme milk milk lemonade around the corner fugde is made. She is suggesting anal sex.
This phrase is an excerpt from the highly acclaimed "My Humps". The "milk" referred to here is the man juice. The "coco puffs" would be the colored woman's bazookas. This phrase would best be used in a sexual context, usually in direction-giving and whatnot.
A bag of Miky Ways is an extremely happy occasion once it happens to you, but for anyone within earshot it is one of the scariest occurences, if not the scariest in their entire lives.
It mostly includes monsters and bloodcurdling screams of friends.
A: "Oh, shit! I have a bag of Milky Ways!" (Happy/Surprised.)
B: "Waaaahhh!!!! Aaaasadkjhkjhhh!! Aaaahhhhhh!!! (Mortified)