Macklemore compares his classic tyres to the classic Olde English 800, commonly known as Olde E, Old Gold, OE and 8-Ball clad in the traditional paper bag.
OE is a Malt Liquor which has been popular amongst rappers since the ‘80’s and has been referenced in their lyrics over and over.

Mac was influenced at a young age by the East Coast underground scene and names typically associated old school styles (Nas, Talib Kweli, Wu-Tang..) and if you’ve listened to a few of his songs you’ll be well informed of his love for all things Classic and Vintage.
should mention fight or flight
I thought the same, soldiers deserve the recognition more than most.
Another relationship: Cyhi may be referring to Felix “Tito” Trinidad who’s a boxer, Boxers are also a breed of dog.
Big Sean could be fucking married women on those couches, wedding rings lost could mean marriages broken up because of said acts.
Jay and Wayne are also both Carters, young and old(er)
Her pussy’s worth more than just money
just standing around looking pretty, like a decoration has no real use.
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Beat it up 12 rounds like a Boxing match only..not boxing ;)