If you’re drinking what he’s on (water, representing the truth and knowledge is a recurring motif in Mick’s work), you better keep up with the pace he’s going at, because he’s got a pretty real thirst for more water. Mick could also mean that you should be careful not to drink too much “water” at once, because that can be dangerous (as seen in the worst Indiana Jones movie)

As this song is sponsored by 1800 Tequila, these lines can also be referring to drinking tequila, saying that you’ll be done (drunk, wasted) if you drink too much

A shot towards the Drake and Meek Mill Beef, but Pusha knows that it will all end with him on top anyway. Drake was also featured on the song Poetic Justice with Kendrick Lamar.

“Sock” in this line could mean the verb, as in to punch, which would imply that Pusha doesn’t see this beef as meaningful (just as 2 toys fighting or something)

You could also interpret this line as being a shot to Drake’s ghostwriting allegations. Even though a puppet seems to be doing things by itself, there is someone behind that, and in Drake’s case Quentin Miller can be seen as his puppeteer, feeding Drake his lines.

The second line is a reference to 2013 movie The Purge, where every year there is one set day where anyone can commit any crime, and not worry about legal consequences.

Fab is comparing himself to tricks—guys who get girls by spending money on them—in that he only needs one day (following the Purge reference) to have sex in ways which might not even be legal!

In this image that Mick spits, he’s the only Black man in the room (token black guy), most likely a concert of his by the later lines. All of these white fans are singing along to his music (in which Mick uses the word nigga often), and he doesn’t feel ok with them saying that word.
He wonders if it’s wrong of him to think this way (since they are just quoting his work, which should be an honor in a way), which goes to show how strong of a word it is.

Flip é o apelido do Felipe, um grafiteiro famoso, amigo do D2.