I have seen those guys.
I got the impression that they are meant to symbolize Bush and either Rumsfeld or Cheney?
(One has a giant "W" necklace, the other a red-white-and-blue headband)
I didn't really get that from it. At the beginning on an episode they practice robbing a bank that is owned by an uncle. And they seem to be otherwise fairly well off. It seemed to me to be a statement about rich people who want to adopt the thug lifestyle. Or wealthy rappers who still like to act like they are "from the streets".