Like "Damn, I'mma be a failure"
Surrounded by thugs, drugs, and drug paraphenalia

from Jay Z (Ft. Beanie Sigel & Scarface) – This Can't Be Life Lyrics on Rap Genius

Meaning

Other than the thugs part, I can definitely relate to this sentiment

Jay seeing Biggie and Nas blowing up in 94 had him feeling like he wasn’t shit because he was still out on the block

Being constantly around all this may cause you to be a failure because of the things he’s surrounded by; thugs, drugs and drug paraphenalia — it brings negative activity..

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