And I’m rapping on the beat they was supposed to buy

from Kanye West (Ft. Frank Ocean & Jay Z) – Made in America Lyrics on Rap Genius

Meaning

When Kanye was recording his debut album, “The College Dropout,” he was a also a full-time producer for plenty of rappers (Jay-Z included), and this line is referencing the fact that he kept a lot of his best beats for his own debut album, rather than selling them to anyone.

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