“bangin” for the bread is referring to shooting people for any reason for any sort of money (“bread”) they can get, even if it’s those old, moldy small-faced bills.

To “wet” is to kill (spill blood); Lil Wayne is describing himself as a big-time blood-spiller

The Supersoaker was a very popular type of water gun in the 90s

LADIES: I know the fruit thing sounds cute, but..

..what Lil Wayne is really offering is to “toss your salad” (aka lick your asshole) — preferably with some syrup and jelly, if you’ve got any lying around..

Michael Jordan and Gary Payton both continued to play basketball well past their primes (they were addicted and couldn’t quit)

Chimney is the vaginal canal, living room is the uterus (i.e. Weezy has a long dick)

Also a further iteration of the fire / heat theme

People have not yet given him the credit he is due (“sleeping on him”)

He’s twice as rich as other rappers — he has enough money to own the whole rap game (360 degrees) whereas other rappers can only have half (180 degrees)

Lil Wayne probably learned this game from his “daddy” Birdman, who judges his bank account as a multiple of Weezy’s: “If Weezy got 15 I got 45”

I always thought this referred to road head or a body in the trunk. But as Wayne himself explains, this line refers to his traveling companion: a massive gun in the trunk, weighing the car down

Cooking crack imagery

Quick Draw McGraw was a cartoon character who was a sheriff in the Old West. Wayne plays with the double meaning of bragging how fast he can “draw” a gun and “draw” a picture

He’s not making this up by the way; Wayne did go to art school