Respect that I'll peel a punks cap back and sign it
from Big L (Ft. Grand Daddy I.U., Jay-Z, Lord Finesse, Microphone Nut & Party Arty) – Da Graveyard Lyrics on Rap Genius
Meaning
Killing someone by means of shooting in the head, causing their cranium to take on a look as if it were “peeled” back. By signing it might mean that he will leave a homicide trace.

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