He is driving in jordan shoes. Jordan was a basketball player known for having the number “23”.

also builds off last line

Jordan when he was younger didnt make the cut to be on the basketball team and was looked at like he wasnt very talented. Although Loki made the cut he feels like people don’t see his potential.

Hes mad that he listed 23rd in the contest.
play on words with the Emcee http://rapgenius.com/madddogg

He felt like doing something different, believing that he should show another Dimension of rapping by referencing multiple Mc’s that are in contest by word play.

will keep killing raps until his body is wrapped in a body bag and toe tagged…dead.

will beat them and wont “feat” them on his songs. (feat. is short for feature)

is king of his domain which is a rough place (jungle) and rumbles/pummels opposers until they lose/defeated (crumble)

Purple scents= Purp, or potent purple marijuana
Still things he wishes to “snapback” from

Builds off line before, he’s talking about if he can snap back to reality and not worry and think about sex all the time (Michelle is symbolism for sex)

Word play on snap back. Mitchell and Ness is the name of a famous clothing company that made a hit on their Snap Back hats.

Builds off last bar as he uses the main words breaking and Guinness again with another meaning.
Here, hes having sex when he gets drunk.