Despite saying that his costume is meant to portray Macaulay Caulkin, Carlton is truly dressed as Simon Phoenix, Wesley Snipes' character in Demolition Man (1993), released the same year as this episode.
At the end of the episode, Will guesses who Hilary will be meeting up with that night and says "Ronnie, Bobby, Ricky, Mike?" This is in reference to the group Bell Biv DeVoe, who made an appearance in Season 2, episode 11.