I'm what's being chased
I'm not the chaser

from Lupe Fiasco – Peace of Paper/Cup of Jayzus Lyrics on Rap Genius

Meaning

The metaphor describes hard liquor straight with no chaser. It may burn going down, but you get the true effect, not some weak mixed drink. Where Lupe is the liquor, hard to swallow truth of the game.

This refers to his stance on many issues throughout pop culture, he has been one of few who openly speak their minds on tough issues. Nowadays, more rappers are starting to follow suit. Lupe sets trends, he doesn’t follow the herd

Lupe could also be referring people who refer to themselves as “Paper Chasers”. The pursuit of material things makes people feel as though they are in control, that they are initiators, in reality, they are just consumers. They are the ones being pursued.

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