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talkin bout it 

Verb
When someone says they are "talking about it", they are saying that they would/would like to have sexual intercourse with the designated person.
*Paul and Andrew see a hot girl walk by*
Paul: you Talkin Bout It?
Andrew: yeah fool, talkin bout it..

*Paul and Andrew see a skeezer walk by*
Paul: talkin bout it?
Andrew: hell no fool, not talkin bout it..
talkin bout it by SUPDEN123 July 8, 2011

like talkin' bout it

He didn't pop those niggaz like talkin' bout it.

They want to help poverty, but they ain't workin' hard like talkin' bout it

You talkin' ' bout it ? 

According to the Diplomats of Texas A&M University, this phrase refers to a female who has the potential of giving male oral pleasure or vice versa.
Hey yo, lil' mamma, uh, iz you talkin' 'bout it ?