No, not unless there is a sound mixer available to allow you to pick up both mic and sound-out and pipe it to the recording sound-in. Bottom line, with the basic setup you have, that's not possible. Another option would be for you to record the gameplay and then overlay your voice recording on top of it post-process via some video editing software. This would get you the end result, but you'd have to do the recording of the game via some creative cabling on the laptop. This would work if you had a 15" MBP that has two jacks on it.
Additionally, if you do have one of those Macs, you could get one of these http://www.meritline.com/headphone-stereo-splitter-cable---p-74214.aspx and hook it up in reverse order. In other words, you'd plug the male side into the mic input on the mac. Then you'd take a stereo M/M and go from the sound output on the mac to one of the female ports on this splitter. Then use a mono mic and plug it into the second port on the splitter. This should then allow the sound-in port on the Mac to record the stereo from the sound output on the mac on two of the poles of the cable and the mic on the 3rd pole from the other side of the splitter. You won't be able to hear any of the sound, but the recorder should pick up both your voice and sound output of the game.
Sorry, I've not actually played with the recording sources on the Mac to see if this can be done. In Windows I can do this all day because you can set it to use multiple sound sources as the recording feed and actually referene the soundcard output as one of the sources... on a Mac it seems it focuses more on the connections than the actual sources.