The emperor of entendre strikes again.
Double entendre:
L.A. VanGogh is once again saying his flow is cold, but it’s been that way.
The word been can be taken 2 ways: in reference the explanation above, and in reference to the NBA player Ben Wallace. Hence, the use of “Wallace”

Rasheed “Sheed” Wallace is another NBA player. Confirming that L.A. is using Ben Wallace’s name as the wordplay, not Sheed’s

Opposers have no chance because VanGogh has got his spot towards the top on lock without a physical lock and key.

He is continuing his wordplay from “shooting his shot”

In this reference, L.A. bears a gun (arms) to shoot his shot.
No sleeves comes in with wordplay of “bear,” which, in this case should be interpreted as “bare,” alluding to a shirt without sleeves, leaving one’s arms bare.

Wordplay.
VanGogh shoots his shot.
In basketball, free throws are a free shot at 1 or 2 points at the free throw line following a shooting foul.

O.T. is continuing his anti-gang-banging attitude and maintaining to survive.

He was misunderstood in his environment for never gang-banging because he was busy handling his business to reach his goals.

O.T. is may be misunderstood. Anyone who fully comprehends him as a person is more than likely of close relation.

O.T.’s chemistry with music can’t be deciphered by those with small motivation.

Punch lines = clever lines including metaphors or similes that stick to listeners.

The wordplay gives a physical character to VanGogh’s punchlines. In this case, the punch lines hit hard enough to give someone a nose bleed as if they were actually punched.

His flow is cold.