Now let’s take that line run it up the flagpole
With Elton, see if he’s cool with it

from Eminem – Untitled Lyrics on Rap Genius

Meaning

Would Eminem’s (homosexual) pal Elton John appreciate the line about a “rash on a fag’s asshole”?

EM: as long as you are talking about men’s butts in your songs, I’m sure that it makes Elton John very happy

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