We started out makin, small time bacon
Two little niggas bakin, talkin bout whippin cakes
Get clothin and big cheddar

from Jay Z (Ft. Too Short) – Real Niggaz Lyrics on Rap Genius

Meaning

Jay is reflecting on the times when he first started hustling in Virginia with his friend who he grew up with,

Bacon is another term for money, and since they were new to the DRUG game, they had a little bit of start up money to purchase drugs for distribution, Jay and his friend were thinking about the American Dream,

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