TI figuratively runs the world around him. If he were to literally run, it would be with such speed that one would think he had an extra set of legs helping his running.
"Knot" is a slang term used for a roll of money. Rockawear jeans are bigger and baggier than skinny jeans so he needs them because his roll of money is so thick
Spreading out cocaine in pie plates and waiting while it cooks down into crack rocks on the stove in the kitchen, then amassing the crack rocks into kilogram packages for sale to dealers.
when i take steps forward i bend my knee slightly farther than normal and also dip the shoulder on the same side down a bit, which creates a "bopping" motion. this is a display of condifence and is also part of a smooth swagger.
a reference to dividing ("splitting") ounces of cocaine into 1/8th of an ounce portions known as an 8-ball, and bragging about selling ("flipping") the entire supply you purchased or received from a supplier (probably a large quantity) in only 8 days.
basketball player Kobe Bryant's jersey number is 24, one greater than Michael Jordan's number 23. so, this is like saying you're trying to be the best at what you do.
I also think Samuel L Jackson and the term "(bad ass) mother fucker" are nearly synonymous since the movie 'Pulp Fiction'. So I don't think Luda means any ill will.
Bill Gates is one of the richest people in the world, but he better watch out for Ludacris who may surpass Gates' level of wealth to the point that he will jokingly need binoculars to see Ludacris above him.