And I'm so fly, if I take this parachute off, I might fall and die

from Jeezy (Ft. Jay Z) – Go Crazy (Remix) Lyrics on Rap Genius

Meaning

1) I’m flying, so if I take my parachute off I’ll fall and die, literally 2) I’m so “fly” (cool/attractive) that if I don’t wear a condom (“parachute”) I’ll get AIDS real quick

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