A continuation of the takeover metaphor, this time comparing a coup d'etat on the game with tossing a treat to a dog

The game refers to the ‘rap game’ and his goal is to take it over, cage it, and control it by force like a zoo animal

Soul has a double meaning here: soul like James Brown or the sole of a shoe, where a person’s foot would touch if their sock had a hole in it

Madvillain is comprised of MF Doom as lyricist and Madlib as producer/beatmaker. The name is a mashup of Madlib and the Villain/Supervillain, an alter ego of Doom’s

The character they have created, the Madvillain, is painted as a mastermind criminal throughout the album

It doesn’t take him long to get dressed for a dinner party, and his style is current

It could also refer to his rap skills — he’s “smashing” (rapping well) in a “timely” (in sync with the beat) way

Also, “simply smashing” could refer back to all the references to his British birth in the previous line.

A British expression that ties in with ‘limey’

Slick on the surface, or a sneaky personality trait

Slang for a British person — Doom was born in Britain

Dirty, also a slang term for dark hip-hop

Watch the car man! He’s concerned about damage to his convertible jalopy.

‘Papi’ could be ‘Pop’ as in watch his car’s roof pop up as it is converted.

He’s definitely referring Papi. Who are quite well known for their car modding prowess. He dropped is car off at inner-city Auto repair shop. ran by latinos.