You know what that means, I'm pretty sure. It's a bit like saying "you know how it is / u know what to do", a bit like saying that some bs are real
exp1
ur hoe: babe I’m horny, can I come over?
you: u know the deal
exp2
also she: just got out of the bathroom, I’m fresh for u
you: u know the deal Shawty, I’m comin