Wale is taking no days off until he’s a high-selling, widely known artist. “Me llamo”, Spanish for “my name is”. He wants everyone to know who he is. This is especially important to him, since his stage name is often read wrong.

“They keep saying whale, but my name [Wah-lay]”

Another exerpt from Seinfeld, the theme of the mixtape. It helps transition Wale into his next verse.
http://www.youtube.com/watch?v=TogRrEJBs7Q

Wale is saying that all they need is each other.

Wale’s signing to MMG is only the beginning of his show.

He’ll still maintain his character even though he’s coming up on his third album.

He’s saying that what seems like a lot of money to you, is small shit to him. Play on words shit/Shih Tzu.

Shih Tzu — the small dog that produces small shit

Cicadas are bugs that live their lives underground for 13-17 years and only come out every now and then. Wale is always fly and maintaining a buzz.

Wale chillin, smoking on the finest

Wale rocks Fendi belts, but still sags to show his ass

Shone being a slang term for a “hoe”. Wale is stating that he won’t be “watching the throne”. He’ll be checking out ladies and doing his own thing, not worried about measuring is own success on other rappers accomplishments.

Watch the Throne, the name of Jay-Z & Kanye’s collab album