Speedboat swerve, homie watch out for the waves

from Kanye West (Ft. Big Sean & Jay Z) – Clique Lyrics on Rap Genius

Meaning

He refers to the often-repeated word “Swirv”, coined by Big Sean, on Cruel Summer’s club banger single “Mercy”.
http://www.youtube.com/watch?feature=player_embedded&v=7Dqgr0wNyPo

Kanye’s career is taking off so fast that you may get caught in the wave. If you do not back off, you will get sucked down.

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