Jay is chilling, Ye is chilling
What more can I say?

from Kanye West (Ft. Jay Z) – Otis Lyrics on Rap Genius

Meaning

This is borrowed from the hit song “Top Billin” by Audio Two. The original line was “Milk is chillin', Giz is chillin'. What more can I say? Top Billin'”. You can hear Milk Dee of the group, who actually rapped those lines, above as he talks about his reaction to The Throne’s version

The 1987 song is arguably the most sampled and/or referenced in the history of rap

“What More Can I Say” is also a nod at Jay-Z’s solo work, something Hov acknowledges by joining in the line only for those last five words

The use of “Top Billin'” here is part of the album’s thematic nod to Golden Age hip-hop. This theme is most prevalent in “That’s My Bitch”, with its Monie Love reference, the “Apache” break, and its scratches straight from Public Enemy’s “Brothers Gonna Work It Out”

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