You heard about him, you've said the name
You saw the iTunes and clicked to play
You liked the shit and you bought the shit
Put him on the playlist right next to Jay

from Machine Gun Kelly – Breaking News Lyrics on Rap Genius

Meaning

iTunes offers a shortened version of full feature songs as samples so that people can listen for free.

MGK talks highly here in which he says that you would hear his shit, buy it, and put it next to a Jay-Z playlist. Figuratively saying his music is as good as Jay-Z’s

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