The industry and people in general are trying to take Chris' inner child and make him a boring old guy like any other normal rapper, but Chris answers this by trademarking his childness and making it his brand, the face of the company (which is him).
Kanye West has a similar line in “Power”

Whenever you talk about Chris, even if you’re trying ti make fun of him, you’re giving him attention and exposure and in his words “sucking his dick”.
Play on words here as Chris mentions a “tip in your mouth” which might be his haters having tips for him such as getting his teeth fixed or quitting rap, but since they sucked his dick by talking about him, they have the tip of his penis in their mouths as well.

Conclusion is that Chris is tired of the hood and gangsta life, but he has to keep around it for the sake and well being of his family, but what he really wants is to make it big in the music industry and take his family and loved ones away from the dangers and sadness of the hood.

This refers to Chris' transition from a normal rapper to a poet as he sees it.

Chris always hoped to make it in the music industry but before he could ever record songs he had to hustle and get enoguh money to buy studio time, so he could chase the limelight he intended to get.

This might not be Chris' opinion but one more relatable, Chris is obviously the son of one of Rap’s finest, Big Pun. Chris looks up to his dad which leads us to believe that this verse wasn’t written by him.

Chris witnessed his mom inject drugs in her veins multiple times in many different occasions.

By complaining Chris is only wasting the little bit of time he has left to run away from the police who have their guns aimed at him for no reason.

A play on words with “light” and “shadow”.
To see a light is often a sign of hope, but in Chris' neighbourhood it only means someone else got hurt. And by shadows Chris means that the stereotypes that are set by society, only hurt his chance of ever making it out the hood.

Chris lives this nightmare life with a dream on his mind to keep him determined and focused to strive from poorness.