Pinocchio with that, no strings
Got no time for these latches
Splurgeboys's official lyric explanation
“Pinocchio with that, no strings” is basically Pinocchio, when he hasn’t got strings, he’s free, he’s a real boy, he can do what he wants. When he’s got the strings he’s tied down, he’s committed.
It’s basically talking about relationships… and a negative connotation of a relationship really.
Pinocchio is a story about a wooden puppet that has no strings (and lies a lot). Teeboi compares himself to the Disney character, as he has sex with "no strings attached", which is to say he doesn't get attached or worry about who the girl may also be sleeping with and vice versa.
It seems Pinocchio may have inspired many young men:
I've got no strings
To hold me down
To make me fret
Or make me frown