I wear a Rollie so my wrist don't watch

from Lupe Fiasco – SLR 3 (Round of Applause) Lyrics on Rap Genius

Meaning

Rolex is a famous and expensive brand producing wristwatches. Lupe has one covering his wrist, so the wrist has covered eyes by Rolex (if it had eyes of course).

Lupe does own and wear a gold Rolex watch. He is known to reference this to show how he’s not immune to contradictions:
http://www.youtube.com/watch?v=9rCxIjd0Wtc#t=8m55s

It’s also play on how people chase money; their eyes are covered by dreams of having a Rolex, a Lamborghini or… a Mercedes SLR.

To help improve the meaning of these lyrics, visit “SLR 3 (Round of Applause)” by Lupe Fiasco Lyrics and leave a comment on the lyrics box