Loose reference to the time Big Pun hit Jay-Z in the head with a bottle at a club, but in reality it was Memphis Bleek who hit somebody from the Terror Squad crew, Jay-Z wasn’t even in the club.

https://www.youtube.com/watch?v=AIewITRRSlM&feature=youtu.be&t=7m58s

This was recorded in 2000, when 50 Cent was still fairly up-and-coming, but disliked by many rappers due to his single How To Rob

Ace accuses Boogieman of being the real copycat here

Fat Beats is a record label/store in N.Y. The wax is a vinyl record, so Ace is saying fuck ‘em for putting out Boogieman’s shit. They soon dropped him, however, and may have redeemed themselves slightly in Ace’s eyes

Boogieman’s producer for Just you wait was Nottz, who has produced for Snoop Dogg, Kanye, and Scarface, amongst others

Roughly what happened is Ace released a track on a mixtape that some underground rapper, Boogieman, believed bore remarkable similarity to one of his own. Boogieman wrote a diss track^^^ to Ace, obviously just looking for some attention, and in the outro challenged him to a battle. I seriously warn you though, if you love Masta Ace like me, do not watch it, it is what I’d imagine watching your dad getting beaten up would be like. Anyway, Boogieman was reciting some written rhymes, Ace, who was trying to freestyle, was thrown off, and it was all a bit embarrassing. But he wrote this afterwards, to have the last word, and offered this insight in Dear Diary:

“Whoever let you back in the door should get a smack in the jaw / cause you sure shouldn’t be rapping no more / you already proved that at the Lyricist Lounge affair / trying to battle with rhymes you wrote on the way there / maybe next time, you’ll know not to play fair / say your best written shit and school ‘em like daycare”

Rawkus Records is a hip hop label, where Blackstar originated from. This is the label The High and (the) Mighty were signed to, so Ace is saying he can push them so far down the ladder in music that they’ll be making other dudes coffee in the morning, without being paid

Heavy D was a singer/rapper, rising to fame in the late 1980s. He garners respect in the hip hop world, and was of course referenced in Juicy. The red suit is brave

Heav' moved to Mount Vernon as a young child – Ace has been on fire since then, a long time, basically

Masta Ace is a hip hop purist. ‘Wayne and 'Zane are two new school MCs who Ace clearly has little respect for, due to the perceived lack of substance in their raps