Beef I'll make you thinner, take a seat so we can eat
What he means by that is simple. In the mob, beef = war. When there is war in the mob, everyone loses lives and money. Thus gangs become thinner. “beef / war will make you thinner.”
What he means by “take a seat so we can eat” is simply, wars can be avoided when gentleman come together like scenes in the Godfather to come to mutual understandings.
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