High class cooks, throw on vests out of phone books

from Raekwon (Ft. Ghostface Killah & Nas) – Verbal Intercourse Lyrics on Rap Genius

Meaning

Here Ghostface is stating that high class criminals, such as drug lords and other boss figures in street crime, use phonebooks as protection while incarcerated to defend against “shank”(improvised knife) stabbings or other attacks of that nature.

http://www.youtube.com/watch?feature=player_detailpage&v=GgJu_JyfP70#t=124s

They do this because they may have angered other prisoners for reasons such as foul financial dealings, envy, revenge for a lost loved one, status, etc.

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