The ones beneath me recognize the red bottoms I wear

from Drake (Ft. DJ Khaled, Lil Wayne & Rick Ross) – I'm On One Lyrics on Rap Genius

Ones Beneath me = People who aren’t as good as him/on his level.

Ones Beneath me = People who aren’t walking on the clouds
Referring to the previous line

He is wearing red-bottomed shoes that those below him should recognize as Christian Louboutin

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