Gambino is saying you can burn all the material things hes been able to obtain…now that he’s made it to where he is, will you be proud of him? The term “Burn” symbolizes his lack of importance for material things at the end of the day.
It’s also a reference to the fact that so many long time fans have been speculating whether his new changes, like to his wardrobe and lyrical style, have been for the best. But he’s only doing it to make us proud.
But for the record, at least his parents are proud. They’re the most important after all.
