From The Late Late Show, June 26, 2012:

• Craig & Geoff: Here come the PLAYAAAAAAS.
• Craig: What do people mean when they sing that--they say, y'know, they say that to us when we walk into the club? When they say, "Here come the PLAYAAAAAAS"? Is it because--
• Geoff: It's like an announcement. We've arrived.
• Craig: It's not some kind of ironic statement of the fact we're two--well, one of us is dead, one of us is middle-aged, I'm not sayin' who's who?
• Geoff: No. It means, "Hide your bitches."
• Craig: "Hide your bitches"?
• Geoff: That's right! 'Cause the Ferginator's in town!
• Craig: Yeah... no. Nah, you don't have to hide your bitches. You're fine. It's alright. I'm married and you're gay--that doesn't make any sense!
• Geoff: Slightly cover your bitches.