Kicked off my shoes, tripped acid in the rain
Wore my jacket as a cape, and my umbrella as a cane

from Chance The Rapper – Acid Rain Lyrics on Rap Genius

Meaning

During a crazy acid trip, Chance runs out into the rain before reflecting on his life. Probably similar to the Gene Kelly piece, “Singing in the Rain,” just a bit more vivid and trippy.

Lead into the next line, because canes and capes are symbols of wealth and aristocracy.

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