I tell her it's my house, give her a tour
In my basement, and keep that bitch locked up in my storage
Tyler creates a twist on the original Goldilocks story in which he himself arrives at the three bears house before goldie locks, and then proceeds to lead her into the basement where he locks her up and rapes her.
A common theme that Tyler raps about in other songs is locking Taylor Swift in his basement. This is another reference to that.
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