Actually, it's from 'B-Boys Makin' with the Freak Freak', and the line is a sample from comedian Mantan Moreland from his album 'That Ain't My Finger'.
oh, you're totally right. professor booty starts off with "professor, what's another word for buried pirate treasure? why I think it's booty, booty, etc. that's what it is."
same album iirc. paul's boutique