Yep, you're reading the label right. It says "I Love You Guys Powder For Your 'Nads".
Maybe I'm easily amused, but I was hanging out with the ladies of Bubble Genius and this came up as a topic. And I think it's sort of awesome and hilarious in a positive way so I'm sharing.
Their item description also amused me because, as I'm sure you know, I like ballsy women. ;-)