Prada is a well known brand of expensive clothing.

Five Hanks is a colloquialism for five hundred, in this case five hundred dollars. By stating their high cost, P Smurf is showing off his wealth

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Hocus Pocus

a generic term used by magicians, usually the magic words spoken when bringing about some sort of change

The Cruiciatus Curse is one of three unforgivable (illegal, deadly) spells in the fictional book/movie series, Harry potter.

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Lucifer in mythology is known to be the creation of Satan, the angel who disobeyed God and took 1/3rd of the angels with him into hell. Hence the phrase “fallen angel”

In Christianity, Lucifer is said to have affiliations with the devil, but he is also known to be referred to as the “morning star”

Quote from Wiki:

In Islam, the account of Iblis follows the Lucifer motif. Iblis is banished from heaven and becomes Satan by refusing to prostrate before Adam. Thus, he sins after the creation of man. Satan then swears an oath of revenge by tempting human beings and turning them away from God
In Judaism, he was seen as a fallen angel

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In continuation of this braggardous verse by Meek, he talks about having materialistic things

Isabel Marant sneakers are an expensive brand of shoes.

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Jerry Rice is a retired NFL player who played the position of wide receiver. This line is a sexual reference that is inferring that he’s goes inside the vagina deep, resembling how Jerry Rice went deep to catch a football.

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Laissez-Faire is french for let them be but in more recent sense in American economics the government used this phrase in the early 1900’s when work unions. protested against the un-safe conditions in their work environment.

In this context, Lupe is using the phrase as a way of saying he’s free from the things that hold him back when freestyling.

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Showtime in this context is about the television channel.

Also in this context, continuing with the sexual theme this line is probable to be talking about the enticing television shows that Showtime has.

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Knock Knock
Who’s there?
Scissor!
Scissor who?
Scissor and Cleopatra!

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The Columbine High School Massacre was a school shooting that took place in 1999. 12 students were murdered while 21 were injured.

The line is saying that although (in reference to the previous line) there are Crusaders of dark ages, you cannot stop the shootings

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