Chino XL raps the first verse, Canibus raps the second verse.

He’s gone from dipping from the cops to touring around Europe with the Cunninlynguists because of their huge success.

Referring to Canibus' Poet Laureate Infinity that was part of his album For Whom the Beat Tolls. A concept invented in 2007. It was 5 different 200 bar verses for a total of one thousand bars. Yep, 1000. It was originally displayed on a virtual mixing board online. Essentially, you would press play, and all 5 sets of 200 bars would play at once, with 4 muted.
You could at any time, mute one, and unmute a different one.
And do this every single bar, and no matter what, they would flow to make a new rhyme. As it was designed to make “infinite” rhymes, there were countless different mixes that could be created.
You can visit a simulation of the mixing board here

Infinite rhyming consists of layers (verses), that share the exact same rhyme scheme and flow. By putting each layer into a separate channel of a mixer, it gives the user the ability to switch between layers seamlessly, while still maintaining a coherent rhyme structure, content, rhythm and flow. This allows users to create their own songs, or mixes, in an infinite number of ways.

The entire 1,000 bar rhyme goes for 53 minutes and 53 seconds.
https://www.youtube.com/watch?v=BAdfpfC7Cm8

The third line was inspired by my mother and tales of the prophet. Pain can easily bring tears but tears of joy are painless and refreshing. Love is a beautiful element of man’s nature and like all physical elements it can combine with other elements to make new compounds. Thus Love combined with joy brings tears of wonderment. This Love and Joy is not motivated by base desire. It operates in your higher energies.

The late 80s & early 90s are sometimes described as the “Golden age of Hip-Hop”, due in part to the diversity of styles during that time period and the origin of sampling, as explained here. And who doesn’t love the fashion?

In the second verse, Lupe goes on to rhyme off a number of popular old school rappers from that time period, whose flows other artists would try to emulate.

He’s done well, because he’s been able to tour internationally.

SP-1200, a beat making machine

“Make It Last Forever” was an early single by Keith Sweat on his debut album of the same name.

Of course referring to the widely-acclaimed Wu-Tang Clan single C.R.E.A.M.

Could be an ode to a lyric of the God MC Rakim’s classic single I Ain’t No Joke