Like the wiz in Camelot, the mom-and-pop's is the gate

from Jay Z – Rap Game Crack Game Lyrics on Rap Genius

Meaning

The Wiz and Camelot are two defunct mom-and-pop’s record stores. The Wiz and Camelot is also mentioned in Nas' “One Time 4 Your Mind”.

Jay-z maybe using this metaphor to tie in rap and crack in one of two ways.

1)Parents are a restriction to selling crack. They may also not look forward to a child’s rap career. They often prefer the educational route. In the next line, Jay-Z says he scopes shit. This may refer back to parents and making sure he doesn’t get into trouble.

2)Places he stashes money.

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