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Hi! Everybody!

Could you have a look for at this sentence “ I’ll pass.” How should interpret “pass” in this context? Is Michael saying “ I’ll move” ??

http://www.urbandictionary.com/define.php?term=pass

Thanks for your help.

(Prison Break)

T-Bag: ... ... Keep you real close, so no one up in here can hurt you.

Michael: Looks to me you already got a girlfriend.

T-Bag: I got a whole 'nother pocket over here.

Michael:I'll pass.

T-Bag: I don't protect you, they gonna gobble you up like a plate of black-eyed peas.

Michael: I said no.

T-Bag: Then you best move, then. Now. You come around these bleachers again, it's gonna be more than just words we're exchanging. Know what I'm saying?
Comments  
He refrains, refuses. Similar to 'No thanks'.
Madhulk He refrains, refuses. Similar to 'No thanks'.

Hi, Madhulk,

Thanks for your help.