In my youth I'd throw shots, the fad was dodging it

from Eminem (Ft. Slaughterhouse & Yelawolf) – BET Shady 2.0 Cypher Lyrics on Rap Genius

Back in his younger days, he would throw shots at other rappers. Some of them would step to Joe, while most of them wouldn’t even dare to take shots at Joe on a diss track.

he’s talking about his constant jabs at Jay-Z where Hov would never respond and “dodge” it which is continued by the “watch the throne” line

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