I see diamond-flooded demons

from Lupe Fiasco – Lamborghini Angels Lyrics on Rap Genius

Meaning

Referring to the rap game (particularly mainstream rap):
All he sees is rappers who are attached to this notion of having lots of “bling”, fancy cars, and loads of money.

He calls them demons because people who listen to mainstream rap idolize the artists, and portray their gimmicks in a way that negatively affects society.

In essence, the mainstream rap industry are referred to as demons who have taken people’s innocence by promoting the idea that being materialistic is important.

“I see” is also a homophone for “icy” as in diamonds or other gemstones.

The hook is a sample from the Angels Remix.

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