I need some tracks, you tryin' to pull tracks out
He uses a homonym on the word tracks. On meaning being the songs while the other referring to the tool that holds weave (fake hair) to your head.
Talib needs some beats from Kanye, and Kanye needs Talib to sweet talk this girl into having sex with him, so he can pull her tracks (weave) out. Talib then bargains by saying if you give me the beats, my lyrics will be on point, and you’ll be able to bang this chick and blow her back out.
In this scenario, Talib is clearly annoyed at Ye for calling him at this time of night for a favor, and so he tries to bargain with Kanye by getting some tracks off him.
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