Skateboard, I love Chanel

from Wiz Khalifa (Ft. Amber Rose, Pharrell Williams & Tuki Carter) – Rise Above Lyrics on Rap Genius

Meaning

pharrel is talking about
Chanel West Coast, is an American rapper and television personality. She came to known for her roles in MTV’s Rob Dyrdek’s Fantasy Factory and Ridiculousness.
(she has a weird laugh)
or this could also refer to Chanel as an clothing, fragrance, etc. brand

or

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