Got dunce caps and lunch bags waiting when I school ya
Like a parent giving his child lunch bags to go to school, Steez is implying that he is the teacher with this line as well as leading into the class is in session in the next one.
He is saying like when he schools you your gonna be embarrassed and dunce caps and lunch bags people put on their head when they usually got in trouble. That’s why the teacher put it on your head, to embarrass you.
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