I think we are confusing like omniscient reality warping that Looney Tunes characters have for no reason vs what Luffy "believes" he can do with his powers solely. Yes, its 100% a reference to it, but It's not about changing the outcome of the fight, its about using the tools he has to fight Kaido (i.e. the ground and turning it into rubber to deflect Kaido's attack) to win.
A lot of that is ALREADY in line with Doflamingo and Katakuri's paramecia awakenings, who both turn the environment into their powers. Hell, fucking Katakuri just makes donuts out of thin air and creates fists from it like he "warping" his own fists to do so.
Don't overthink this guys. It's extremely powerful, but of course future enemies will counter it. Hell, even Kaido might next chapter to make the fight more difficult. Luffy has never won a fight without actually struggling, that includes both of his Gear 4 fights.