Still play it like Shaquille but I can free throw
He still has the basketball skills that he used to have, just like Shaq, with one difference: Lupe can actually shoot free throws. Shaq is known and often made fun of for his poor free throw percentage. Lu might actually be able to throw free throws, but he likely means he is still in the (rap) game.
The line can also be heard as “Steel, play it like Shaquille”.
Shaquille played the character Steel in the movie Steel. The movie contains a number of inside jokes referring to Shaq’s crappy free throwing.
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