I’m rich bitch, and y'all's jelly as that jar of petroleum

from Odd Future (Ft. Hodgy Beats & Tyler The Creator) – NY (Ned Flander) Lyrics on Rap Genius

Meaning

To be “Jelly” is to be jealous, and petroleum jelly as lube for some faggot shit.

“I’m rich bitch” is a phrase popularized by a Chappelle’s Show skit.

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