You will respect me, you will reject me
This is stating that he will be respected but be rejected by mainstream culture and his rap peers due to the level of lyricism in his raps.
This could also be a slight reference to Nas’s Ether. As he speaks of Nas and Jay Z on the previous line:
Lupe alters it however knowing full well due to his type of rhymes and general anti-conformist image he has already been rejected.
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