Referring to Reflection Eternal’s song from 2000, Memories Live, off the Train of Thought album.

other than the reference, there’s sort of a Double entendre, since Talib remembered the song from 13 years back, proves that memories do live.

Opening your mouth and speaking unconsciously can make you say that’ll damage your reputation. This is why Swifty “keeps quiet”.

Eminem is tired of the media trying to make him look like a loose cannon and creating his controversial image–He doesn’t care, he’s glad to be unique, because that’s just the way he is.

These lines may be a reference to two famous lines dropped in “My Name Is”:

This guy at White Castle asked for my autograph
So I signed it : “Dear Dave, thanks for the support, asshole”

2001 (also referred to as The Chronic 2001) is the second studio album by American hip hop recording artist Dr. Dre, released on November 16, 1999, by Interscope Records. It is the follow-up to his debut album The Chronic (1992). It was produced primarily by Dr. Dre and Mel-Man, as well as Lord Finesse, and features several guest contributions from fellow American rappers such as Hittman, Snoop Dogg, Kurupt, Xzibit, Nate Dogg, and Eminem. 2001 exhibits an expansion on his debut’s G-funk sound and contains gangsta rap themes such as violence, promiscuity, drug use, street gangs, and crime.

The album debuted at number two on the U.S. Billboard 200 chart, selling 516,000 copies in its first week. It produced three singles that attained chart success and has been certified sextuple platinum in sales by the RIAA after sales of six million copies in the United States. Despite mixed criticism toward its gangster-themed lyrics, 2001 received generally positive reviews from music critics. As of July 2013 the album has sold 7,664,000 copies in the United States.

Before his debut album, Kanye was associated with rappers that were already signed, mainly Jay Z, Talib Kweli, Mos Def, Common and Pharoahe Monch.

Around 2001-2002 Kanye started recording himself rapping, it was diverse since he was mainly Producing back then.

He Produced 4 tracks on Jay Z’s famous album, The Blueprint, in 2001.

In 2002, Kanye was featured on Talib Kweli’s album. Quality, doing the hook for Guerrilla Monsoon Rap other than producing the song.

Kanye gained reputation as a producer thanks to his friends that were very famous.

In 2002, when Jay Z finally signed Kanye to his label, Roc-A-Fella Records, and he released his debut album in the year 2004, The College Dropout, which considered to be an hip hop classic, and one that had a big influence on the genre.

He will raise his children (seeds) teaching them about Hip Hop music and culture.

Referring to John Gotti, an American mobster and a Drug Kingpin who became the Boss of the Gambino crime family in New York City.

It’s not hard to find more John Gotti references in other rappers' songs, mainly praising him, take this one for example, from the same year:

I used to say fuck mic skills, I never prayed to God, I prayed to Gotti

• Jay Z, on his 1996 D'Evils

Also:
Kurupt’s alter ego is Young Gotti.
Irv Gotti (producer)
Yo Gotti (rapper).

Irvine Weldon was an American composer, playwright, poet, pianist and organist.

Weldon passed away in 2002, in that year, Talib’s album, Quality, dropped, featuring the track Where Do We Go, which was dedicated to Weldon.

YC is talking about the belief in God;

Many Sinners are becoming religious after committing a crime, as they believe it’s their only resort to become clean from their sins, they belive God has the ability to bring salvation upon them.