It’s the Phantom of the Chakra
Jay also mentions being “phantom of the chakras” on “Shiny Suit Theory,” which features Jay-Z.
A chakra is a focal point in your body through which energies are transmitted; they’re prevalent in yogic and tantric Hindu and Buddhist tradtions.
“Phantom of the chakras” is a reference to Phantom of the Opera, a novel by Gaston Leroux about a man that “haunts” a theatre. Jay, on the other hand, haunts people’s energy centers apparently.
But, Jay’s first recorded mention of being a chakra phantom is a freestyle done with DJ Green Latern at Rock The Bells 2008.
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