We're respected highly
Cause you don't need to practice gymnastics to catch a body
Referring back to the previous lines about 101 dogs forming; which would be his crew.
In gymnastics, gymnasts sometimes rely on other gymnasts to catch them to properly execute a move.
In rap (or just slang in general), to “catch a body” means to murder someone.
So even though in gymnastics assistance (such as having someone catch you) is often needed to perfect your moves, Lloyd (and is crew) won’t have to practice gymnastics due to the context he is using the term “catch a body” in, because he means he will commit a murder.
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