The title is a play on the word "downsized", or being laid off from employment.
Cleveland emulates the 1978 film Superman when he flies around the earth to roll back time.
Cleveland's dream of playing sax for the E Street Band after "The Big Man" went down refers to the death of saxophonist Clarence Clemons in June of 2011.
Holt refers to Cleveland having exhausted his severance pay as having 'MC Hammered himself', referring to a period in the singer's life when his personal wealth was severely tapped out and he filed for bankruptcy in 1996.
Donna's speech about Cleveland alludes to Donky Kong, mentioning a giant monkey throwing barrels and short, stubby legs attempting to jump.