You know that they watching, the all seeing stare

from B.o.B – The Watchers Lyrics on Rap Genius

Meaning

This is a double pun by B.O.B
He is referring to the Illuminati by saying you know they watching . As he makes reference upon them further in the song saying they dislike the power artists have upon the microphones and ears of listeners that the Illuminati don’t get to control. and also They all see and stare can be used in reference to the Eye or Horris (all seeing eye)..

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