I knew a girl named Sally who's tastes were exquisite
Saks Fifth Avenue, bad made or is it?
When she was a child, her parents had money
She was spoiled rotten, and how things has gotten

from Diamond – Sally Got a One Track Mind Lyrics on Rap Genius

Meaning

Sally didn’t grow up poor. She was spoiled and her parents made money. She had expensive taste in clothes and accessories.

Saks Fifth Avenue is a high end fashion store in Manhattan

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