Here Sandman is showing how we as Americans become apathetic to the troubles occuring outside our borders. When news of the 2010 Haiti earthquake first hit many people donated to charity organizations such as the Red Cross, Food for the Poor, Habitat for Humanity, etc
http://youtu.be/sJ7ZgHrwAs0
But as time marched forward people moved on with their lives and forgot those still suffering from the after effects of the earthquake. The term “fugazi” basically means false or fake. Our response to the disaster wasn’t disingenuous but we were simply to detached from the reality of the situation.
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He could also be saying that his lungs have 36 Chambers;a reference to the Wu-Tang Clan’s first album. In this case it could tie to the previous line which basically amounts to Khan’s own personal twist to the phrase “I’ll hold my breath”.