Unless I am much mistaken, this is also a reference to the South Park episode "The Jeffersons", in which Michael Jackson tries to soothe his son Blanket by grabbing at his nose and saying "I got your nose!". Orochimaru has been considered a pedophile by many, due to his obsession with young bodies, specifically that of Sasuke, so this might be part of the joke.
Got Your Nose / Discussion
This is the discussion related to the wiki page Got Your Nose.