Idiot wind, the Bob Dylan of rap music
You're an idiot, baby, you should become a student

from Jay Z – Open Letter Lyrics on Rap Genius

Meaning

An interesting comparison; Bob Dylan, like Jay, has been making music for a long time. Dylan was also a very consistent artist, particularly in his 60s/70s heyday, showing an impressive ability to adapt to the times, changing his style to suit what the public wanted. Jay has changed his style a lot over the years as well, from mafioso to jiggy pop-rap to trap bangers

“Idiot Wind” is also a song by Bob Dylan, about the press and public misunderstanding him (its opening lyric is “Someone’s got it in for me / They’re planting stories in the press”). Its refrain “You’re an idiot, babe/It’s a wonder that you still know how to breathe” is referenced here.

The line “You’re an idiot, baby” could also refer to Stacey Dash for accusing him of funding a communist country when another communist country China is making billions off trade with US. The phrase “become a student” ties back to the whole theme of the lifestyle education that Jay’s giving people, and jabs at Dash’s role in the high school comedy Clueless

“You should become a student”: isn’t that how Jay and Bey were allowed to get to Cuba, student visas?

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