Reference to parkinsons disease which has tremors in the sufferers a symptom so he’s opposition’s shaking possibly because of fear

Reference to basketball: (swish) the sound the ball makes when it goes through the net i.e. more points.
So he means before he puts content out, he knows it’ll be a hit.

Cognac

The lights are trying to communicate with him preferably in Morse code as indicated in the next line

Chaperones (usually older people) are people who go to events with younger people to make sure they are in order. Kanye is referring to people whose time has past but are still trying way too hard.

Cumulus clouds are a type of clouds and ominous refers to the impression that something unfortunate will happen. Hence, when he’s pissed, everywhere is surrounded(clouded) with fear(of something ominous).Ya digg

Dogs can sense fear, so he means when he’s feared and respected

A type of vodka

He has no competition so by battling himself, he’s just becoming bettter

i.e you can’t touch his flow (like electric fences)