So who is the Hooker With A Penis?

This is about some kid talking to Maynard about Undertow. The kid, declaring himself a true Tool fan (OGT - Original Gangsta Tool) apparently called MJK a sellout for releasing Undertow, a major label record. Maynard turns his words around into the chorus that says, "We all participate in capitalism, so by saying you don't like it, you're being hypocritical." He goes on to say that the kid knows nothing about him except for what Maynard lets him know, so he's in no position to tell him how to live.

This song is about how Maynard can so easily manipulate people into buying anything he wants to sell to them. And all you know about the real MJK is just what he has sold everyone, you don't really know him as a person.

Song is bad arse bottom line.
I agree with the meaning that was stated above, that is what I read also.
"begging for your fat arse dollar"