Like Father, Like Son

Birdman and Lil Wayne
Stuntin' Like My Daddy
and oldsmobile 98 with 45" paper plates(paper plates being large chrome rims)
whatthefehk
Stuntin' Like My Daddy
he's talking about how he wears diamonds and red monkey jeans
whatthefehk
Stuntin' Like My Daddy
Wearing a white t-shirt while driving a 1100cc motorcycle with lots of chrome.
awhite99mustang
Leather So Soft
Rappers often say they "Spit hot fire" and Lil Wayne is no exception, comparing himself to a fire-breathing dragon
Salty904
Leather So Soft
His car has very big rims on the tires. Which allows him to "sit high". When a person is sits high at an arena or stadium they call those seats nose bleeds. Rims are usually called by their inch size. ie. 24's meaning the rim is 24 inches in diameter.
The Oracle
Leather So Soft
Paper chase meaning to pursue any activity that involves accumulating currency however he does this to such an extent that it can be related to an injury that many athletes or dancers acquire because of excess or strenuous use of there feet.
Silverskeem
Leather So Soft
Insufflated cocaine - here rendered 'coke' is nearly always mixed, or 'cut' with other substances. These are often acidic, or otherwise corrosive, and can cause nasal bleeding in some consumers.
joolsd
Stuntin' Like My Daddy
Not to be confused with the sexual act of "putting 4 in the stink and 1 in the pink" also known as "the shocker" Lil Wayne is explaining that he is a prodigical musician or amazing phenomenon like his father
tigerlily722
Leather So Soft
Bumbaclot is a slang term, derived from the term bum clothe, used to express annoyance or disgust, so Lil Wayne is saying that he is always around attractive females even if they might not have that much of a personality and might be annoying...
edwar.caleb
Stuntin' Like My Daddy
this may be a reference to being talented when it comes to hiding a large quantity of drugs (packages or "bricks" of cocaine, probably) in a small vehicle to transport or "traffic" them
bill