I'm hi and I'm bi, wait I mean I'm straight
“I’m hi and I’m bye” refers to the way he is with people (women), where he just gets in and gets out no drama
However, it could also be, “I’m high and I’m bye,” as in high and drunk (‘I’m bye’ as in ‘I’m so gone’)
With the recent news of Frank Oceans bisexuality he could be alluding to that as well.
In the second part of the line, Frank seems to actually forget which meaning he was using and picks up a completely new one, changing it to “I’m bi” (as in bisexual) and quickly corrects himself by saying “I’m straight” (heterosexual). This still actually works for the second meaning though as “I’m straight” is also another way of saying, “Nah I’m not too fucked up, I’m okay”
After Ocean’s much celebrated Tumblr post in which he discusses the complicated relationship he had with his first real love (another man), it becomes clear that Ocean is hinting at his sexuality, yet quickly claims ‘he’s straight’ in what seems to be an internal conflict over either how he views his own sexuality, how much to reveal to the public, or both
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