Even better than I was the last time baby
Oh oh oh oh ooh
Yo we back
I'm good, so good
And we back and we back

from Chance The Rapper (Ft. BJ The Chicago Kid, J.P. Floyd & Will Miller) – Good Ass Intro Lyrics on Rap Genius

Meaning

This line is referring to Kanye’s “Intro of Freshmen Adjustment 2”. The same line was later on used in Good Life by Kanye himself. Also, Kanye is well known for repping Chi town, where he and Chance both grew up. Chance is coming back even better than he was on his previoius release, the 10 Day mixtape:

If you listen to the whole tape you should notice on his last song, “Everything’s Good (Good Ass Outro)”, he stresses on the everything’s good, or I’m good. If you have the tape on repeat then it’ll be saying that it’s good & now its better than the last time. It gets better with each listen.

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