Which makes me necklace-less, like a necklace theft

from Lupe Fiasco (Ft. Gemini) – Dumb it Down Lyrics on Rap Genius

Meaning

No head —> no neck —> no necklace —> a state of “necklace-less-ness” (not having a necklace) i.e. he has no necklace just as though his necklace has been stolen (the crime of necklace theft).

This may be doing symbolic work — Lupe’s refusal to wear a chain seems to signal his rejection of the materialistic norms of popular rap.

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