Howdy there White Mamba. While I am not familiar with the quote, nor with any critiques done on it, I would take an educated guess and say that you are correct in your first take--it's seemingly trying to make a humorous cliche-like punch towards the mind/body problem.

Of course, the sentiments behind this statement, have very much been evidenced to be of a refuting nature; we can very much see mind as being the matter of physical elements of brain...you can change the physical properties, and (especially) the connectivity and you can effect the specifics which add up to reach what we call 'mind.' Also, it might be good to keep in mind, that mind has an area of description/definition which is above and beyond mere 'having a state of consciousness.' (though it would surely include 'mega-consciousness.'

Thanks Buddy.