It may mean in context : "I don't care if you tell obvious lies, like "I am a walrus" - just get back to work."

From a conversation in another question, http://www.italki.com/user/2864437 , these are from subtitles from amateur videos, "made by an old friend's gang a long time ago." They have been copied and recopied, perhaps from one video format to another, with more noise being added every time, so someone made subtitles. I am almost sure that the person who made the subtitles was mistaken. I don't suppose there's any chance of putting the videos, or a clip from them, online? I have a completely crazy guess. "You're a prince" can mean, when said seriously, that you're noble, princely, fine, admirable, an all-around wonderful person. It can be used sarcastically as an insult. This would fit the context you've described. The problem is that "prince" doesn't sound at all like "walrus," but if the sound is really bad, very strange things can happen. A "walrus" is a sea animal, famous for having whiskers. In some situations, it can be a insult to say someone is like an animal--a "a pig" or "a cow" or "a rat"--but not "a walrus." There is a style of mustache called a "walrus mustache" because it resembles a walrus's whiskers. The Beatles (rock group) wrote a song with intentionally mysterious words entitled "I Am the Walrus," but nobody really knows what anything in the song means. They deepened the mystery in another song with the couplet "And here's another clue for you all: the walrus was Paul," but nobody knows what that meant, either. Although the song is famous, it did not make "walrus" into a familiar insult.

In most contexts it's a demeaning connotation. Calling someone a walrus either means you're calling them fat, ugly, or both.

It's okay. You try. Thanks.

Sorry, no idea