Little Nicky was always the favorite of his father, Satan, even though his brothers were more powerful and had higher status being older. Drake may also be hinting at the fact other rappers in the game are growing unhappy with his increasing popularity.
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The opening of the verse is a big comparison between Jay’s flow and his skills in bed, the two main aspects of his life at the time. His condo was only used for sex and for thinking about rhymes, everything he needed!
His flow is fast and powerful like a TEC-9; occasionally when you spray a machine pistol, it can jam, the only thing Jay’s flow doesn’t have in common with it. It’s also a shot at Nas, which spit this line in “Ain’t Hard To Tell”: