These lines can be seen as a prayer — Ross is thanking God for his blessings and Ross ‘pays back the favor’ by encrusting Jesus as his diamond-encrusted pendant.
It’s also possible that these lines are more of a plea to pray for a man he just killed or saw die. Dead bodies often referred to as being put “on ice”. “Shedding a tear” could refer to a death-related teardrop tattoo under his eye, or for literally crying because of committing a terrible sin.
On November 27th, 2012, Rick Ross tweeted this line, apparently confirming that it’s “this ice over”, not “this Zeiss over” or “the sights over” as has been claimed.
Double entendre alert. The obvious meaning is that he is enjoying the lifestyle of a rapper, and drinking champagne on his limo. But the second is that there is a girl with him on the limo “sipping” on Rozay, which is his nickname. Either way would be an example for the lavish lifestyle of a rap star.
The lyric could be read as, “stretch limousine, sipping, Rozay all alone.” In the video of just Ross' verse, he’s by himself. This helps convey a sense of isolation, a contemplative state, that is prevalent throughout the album.
This video is processing – it'll appear automatically when it's done.