Now, if you come to 1-3-4 and I'm not around, (Aha)
That means I copped and I went outta town.
134th street is in the neighborhood of South Jamaica, Queens, where 50 grew up and dealt drugs.
“Copped and went outta town” refers to him buying drugs and selling them elsewhere, most likely for more money, less cops, or less competition in the area
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