A term Prince (musician) uses to refer to himself in his song Laydown. It combines his commonly associated color of "purple" with an implied mastery of his art through the use of the name "Yoda".
More importantly, the phrase "Purple Yoda" rhymes with "Minnesota", his place of residence and the last word in the preceding line of the song.
You need to laydown
And let me show you how
We do this thing
Up in funky town
From the heart of Minnesota
Here come the purple Yoda
Guaranteed to bring the dirty new sound
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