I step in Def Jam buildin' like I'm the shit
Tell 'em give me fifty million or I'm-a quit
Ye points out how renowned he is at Def Jam (the cash cow of the label) and in the rap scene generally. At first, he had to negotiate with Def Jam, now they need him. He could easily quit—they have to satisfy him in every way.
This could refer to Dave Chappelle’s turning down $50 million from Comedy Central.
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