Strangers, waitin’Up and down the boulevardTheir shadowsSearchin’ in the nightStreetlights, peopleLivin’ just to find emotionHidin’ somewhere in the night
I believe he’s referring to the Austin Powers movie, which was a satire parody of goldfinger, the James Bond movie. In goldmember, the evil supervillain’s skin is literally gold, and Poncho finds it funny because he finally understood is means a member that is gold. Hopefully this helps you understand if you still need it.
Strangers, waitin’Up and down the boulevardTheir shadowsSearchin’ in the nightStreetlights, peopleLivin’ just to find emotionHidin’ somewhere in the night