To watching' my good friend Eminem winning' a moonman

from Royce Da 5'9" – Merry Go Round Lyrics on Rap Genius

Meaning

Eminem is a fellow rapper and a good friend of Royce. Together they form they form Bad Meets Evil the two even have a collaborative EP Hell: The Sequel. This line is referring to the fact that more than one MTV Video Music Award Which is in the shape of an astronaut, a.k.a. “moonman”

Royce has watched Eminem recieve these awards without having as much success.

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