Addressed it, envelope
Playing on the word “address”. By saying he “adressed it”, he means that he :
“Spoke to (a person or an assembly), typically in a formal way”
He says the word envelopes after because contain addresses.
To help improve the meaning of these lyrics, visit "BET Cypher 2010 (Kanye West, Big Sean, Pusha T, & Common)" by Kanye West (Ft. Big Sean, Common, CyHi The Prynce & Pusha T) Lyrics and leave a comment on the lyrics box