Are you gonna drop the bomb or not?
Let us die young or let us live forever

from Jay Z (Ft. Mr. Hudson) – Young Forever Lyrics on Rap Genius

Meaning

A reflection on Cold War tensions in the United States when the original song was released. They even had nuclear bomb drills in school!

For the second line, the writer suggests that life is only worth it if you will live on forever and therefore have lots of potential, or if you die young, having the false impression that you have lots of potential (as all young people do).

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