Jacking the Bal by the Sea and Cake is simply a song. However, used in the right context it can be interpreted as some sort of bizzare sexual innuendo that no one gets.
Me: jacking the ball by the sea and cake
Me: get it you must
insufferable mulct: i've never heard that one, but i'm going to guess handjob.
Me: LOL
Me: I hope you're kidding
Ruler of Lake Titicaca. Rumored to have a bunghole that gets very angry if it does not receive toilet paper. Cornholio the Great is often seen walking around with his shirt over his head and his hands in the air, chanting songs about his power, and his bunghole.
"I am Cornholio! You do not want to face the wrath of my bunghole, for I need TP!"
Butthead: Shut up, Beavis! (uh huh huh huh)
Beavis: Um, okay. (heh heh heh heh).