It's about who strikes the hardest, not who strikes first

from Canibus – Second Round K.O. Lyrics on Rap Genius

Meaning

Canibus is referring to the poor quality (in his opinion) of LL’s original diss

In the music video, Canibus is shown with a black eye as he goes to meet Tyson, which represents LL’s first jab before Cani lands the KO blow

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