And we coming up from mistake on the lake, double O
Bag it up, then we wake as we bake, Double O's
Burning up, then we making the cake, double stoves

from Hopsin (Ft. Danny Brown, Future, Machine Gun Kelly & Roscoe Dash) – 2012 XXL Freshmen Cypher Lyrics on Rap Genius

Meaning

The Lace Up And EST Gang came up from the lake in double O, which is slang for Ohio cause of the two O’s in Ohio. Bagging the weed up, baking the weed in the stoves that he says in the next line. Then they are burning up, getting high by burning up(smoking). Then making the cake on double stoves.

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