bake the donuts

According to Joe Budden bake the donuts means to hit the studio.

I'm about to bake the donuts and release a new mixtape.

Baking Donuts

Some horrible, but unspecified low point in one's existence.(From a Mark Leyner novel, i believe My Cousin, My Gastrointerologist)

Guy 1: Say man, is everything OK? I heard you've been baking donuts.

Guy 2: Who told you that?!? They're lying! I can't tell you how hurt I am that you believed such an outrageous rumor.

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