Parlor tricks in lyrics make it complex though it's simple shit
Hooked on phonics mixed with chronic wouldn't even give you this
He’s saying that his bars are very clever and original in a very clever and original manner. Parlor tricks are simple tricks involving few props used by people usually to get attention or a few bucks. He compares his clever flow to parlor tricks because they make his rhyming sound a lot better even though they come easy to him. The second line basically says no matter how much dope your on or how good your linguistic skills get you wouldn’t be on his level.
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