Still sounds like "Ch-" as in "chasing" to me, with no "and". The "kwee", for "queen", sound starts the next word, not "cree" (for "cream"). Plus mine makes sense, having a strong narrative pass, you guys must be nuts to hear that! 

Here's my suggestion in full, listen again while reading, make allowance for the mispronunciation of "sippin'":

"White folks in the parlor playin' cards, and they're sippin' and chasin' queens"

The queen in question could be the queen of spades, if they were playing Hearts, worth 100 points, versus the other royal cards, worth 10, if I recall correctly. Or something like that, it's been a long time since my misspent youth.

Later - I was thinking of some other game, here's the scoring in Hearts:

At the end of each hand, players count the number of hearts they have taken as well as the queen of spades, if applicable. Hearts count as one point each and the queen counts 13 points. The aggregate total of all scores for each hand must be a multiple of 26. The game is usually played to 100 points (some play to 50)

"The loudest boos always come from the cheapest seats”

-Babe Ruth

First time around I heard "...and the is chasin' queens"

Which does go with "playin' cards". Wasn't clear on the mystery word yet but contextually I thought it likely somebody in the game.

After a few more spins I heard "...and they're soupin' and chasin' queens", as in soup after dinner while playing cards. Who does that? Nobody.

Finally, and much more likely, "..and they're suppin'/sippin' and chasin' queens", suppin'/sippin' mispronounced as soopin'. In other words drinking after dinner and playing some card game where queens are significant. As one does.

Whatever it is, cake and cream isn't in there, to my ears.

Yes I sub to Apple Music and don't buy CDs any more unless I really can't find it online. The quality is, generally speaking, better than or equal to what I would get from ripping a CD. Also for $9 per month I can download as much music as I need. I'm lucky to have a fiber optic broadband branch running down my rural street, thanks to the Obama admin's rural broadband initiative.

Re import settings, I seem to recall there being a post on here somewhere that talks about the whats, whys and wherefores of iTunes (now obsolete) import settings, with links to articles elsewhere. I'll see if I can find it.

I don't hear an "R' sound at the end of the tag line.  Phonetically I hear "soovin in cake and cream"  ...which is nonsense so not much help.

The lyrics seem to be a common set floating around, maybe originally from musixmatch.
https://www.musixmatch.com/lyrics/Blind-Lemon-Jefferson/Piney-Woods-Money-Mama