The whole episode, from the colorful intro and song, to the "Hue" Branch, is a reference to the James Bond films
Megabyte materializing from the fire at the end of the opening credits mirrors the Terminator materializing from fire at the end of the opening credits of Terminator 2: Judgment Day (1991). Tony Jay (The voice of Megabyte) had starred opposite Arnold Schwarzenegger (The Terminator) in Twins (1988).
Cyrus' avatar (and Frisket's new character) are based on US TV's Wacky Races (1968), specifically Dick Dastardly and Muttley.
The wood tyrannosaur attack on Cyrus' car mimics that of a similar scene in Jurassic Park
The scene in the game cube of the police cars chasing an SUV that looks like a Ford Bronco is a reference to the O.J. Simpson police chase.