Red light, green light
One, two, three

from Kanye West (Ft. Ghostface Killah & Pusha T) – New God Flow Lyrics on Rap Genius

Meaning

Chant from a game that kids play sometimes referred to as “Statues.”

“Red Light, Green Light” refers to getting green-lighted (an approved order for a hit coming from the upper level members of a gang).

This makes sense in the context of the line before but it’s interesting that Ghostface would use west coast gang slang.

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