II.off [美 ɔf, ɑf, 英 ɒf]副off often appears as the second element of certain verb structures in English (break off, pay off, take off, etc). For translations, see the relevant verb entry (break, pay, take, etc).
I.on [美 ɑn, ɔn, 英 ɒn]介词on often appears as the second element of certain verb structures in English (count on, lay on, sign on, etc). For translations, see the relevant verb entry (count, lay, sign, etc).
It is an example of the prisoners' dilemma -- albeit simplified -- where two prisoners held separately end up mutually better off if they refuse to squeal on each other.
The segment also featured a career counselor who noted that many students would be better off pursuing career-oriented certification programs rather than traditional college degrees.
Earlier scripts had the character insistent on keeping hold of the babies, with the writers later deciding it would better off having a sendoff, to keep it dramatic.