I'm right here shorty and I'mma hold you down
Damien makes his appearance in the song by telling X that if anything happens to him, he’ll be there for him.
Damien will be there for X.
Shorty is a term of indearment but is also belittling.
“imma hold you down” he will be there for him. This can also be taken in the literal sense meaning that following the devil will tie you down.
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