Getting ready to jab him, I grabbed him by the necktie
Homie tried to get fly, and swing I gave him a decked eye

from Kool G. Rap (Ft. DJ Polo) – Ill Street Blues Lyrics on Rap Genius

Meaning

G Rap grabbed him by the necktie and was going to jab him and the Boss was trying to act cool and shit but G Rap ain’t having none of that bullshit and decked him in the eye.

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