Is in the pocket like wallets,

from Kanye West (Ft. Common & Talib Kweli) – Get Em High Lyrics on Rap Genius

Meaning

“In the pocket” is a term used to describe a rapper’s flow as meshing perfectly with the beat. Ye’s flow is in the pocket like wallets. To be “out of pocket” means to be lost. Ye is in complete control though, so his flow is in the pocket like your wallet is in your pants pocket

The album’s liner notes say that it is in fact “wallets,” not “Wallace.”

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