Two new guys appear and one of them has one of those puffy scars from stab wounds with lots of little “legs” coming off of them where the stitches were. Sorta like this:
Ahhh!
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Also, “money” creates a pun on “nine milli” in the previous line, as in his 9mm on the one hand, and his millions of dollars on the other, and neither of them are funny.
My nine millimeter handgun will make you tremble with fear, which will cause the whites of your eyes (visible since you are bug-eyed and terrified) to vibrate
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getting wet is slang for smoking pcp so he could be saying his weed is laced with it or just straight up smoking it gives you loads of adrenaline and energy would definitely help with a B and E
Howard is an historically black university in Washington D.C. that throws a huge Homecoming concert every fall. Biggie played Howard Homecoming a number of times, most famously in 1992, a performance which was recreated in the Biggie biopic Notorious
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To flip on someone usually means to rat them out to the police. I think in this instance, Biggie is using it a little bit more broadly, to include both snitching and trying to usurp his throne
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Don Dada is a Jamaican phrase, popularised by Super Cat’s tune of the same name. This song’s popularity in the US led to Super Cat working with several Hip Hop artists, including Biggie.