S-5, Navy 'Cedes, sittin on 80

from Jay Z (Ft. Beanie Sigel, Lil' Mo & Memphis Bleek) – Parking Lot Pimpin' Lyrics on Rap Genius

Meaning

The ’S-5' is a Mercedes-Benz S500, “sittin on 80” alludes to the rims that are on it, with a quick math work we can see that 4 wheels of 20 inches each equal to 80":

4 x 20 = 80

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