Rappers I monkey flip 'em with the funky rhythm I be kickin - I had to look up "monkey flip" - apparently it's a wrestling or breakdancing move, but what I infer from this is he's saying his raps bend people over with their complexity, but this is certainly open to interpretation
Musician, inflictin composition
of pain I'm like Scarface sniffin cocaine
Holdin a M-16, see with the pen I'm extreme, now
Bulletholes left in my peepholes
His music / rhymes (composition) are deadly and cause pain to those he raps against. Also inflict means to cause pain, and he uses that word in the next line.
He attributes his writing/pen to that of scarface using an m-16/sniffing cocaine, again going along with the idea of inflicting pain with his volatile lyrics.
Bulletholes left in peepholes - I don't see this line being completely relevant, but still just going along with the theme of violence.
I'm suited up in street clothes
Hand me a nine and I'll defeat foes
Y'all know my steelo with or without the airplay
I keep some E&J, sittin bent up in the stairway
Or either on the corner bettin Grants with the celo champs
"Suited" has nothing to do with wearing a suit as you tried pointing out, it basically means the same as wearing. He's saying he's wearing street clothes.
Next line is pretty straight forward, give him a gun an he'll take somebody out.
Next line he's just saying you know what his style is with his rap, and it doesn't change regardless of whether or not he's getting radio play.
Then he goes on to paint a picture of him drinking beer up in a project building (that's what I picture anyways), or he says he's out betting money on dice games.
Laughin at baseheads, tryin to sell some broken amps
G-Packs get off quick, forever nikkaz talk shyt
Remeniscing about the last time the Task Force flipped
A nice play on words in this first line. Laughing at the crackheads (bassheads), selling broken amps (amps are used with guitars/bass) - but I think "amps" is referring to selling phony drugs to the addicts in this context.
G-pack - I assume this is referring to a gram of crack. Then he just throws in a senetence of people talking shyt while in the drug game.
And he goes to thinking about the last time the police got involved with him/his crew selling drugs. Basically these lines are all related to drug dealing.
nikkaz be runnin through the block shootin
Time to start the revolution, catch a body head for Houston
Once they caught us off guard, the Mac-10 was in the grass and
I ran like a cheetah with thoughts of an assassin
These lines follow the previous ones. While involved in drug dealing, someone starts shooting for whatever reason - trying to grab drugs or money etc.
He seems to attribute gun fighting/violence with starting a revolution - and many revolutions in time have been achieved through violence. Goes on to say that if he kills someone, he'll to flee to a different city.
But he says whoever initially pulled a gun out and started shooting caught him/his crew off guard, and he didn't have his gun on him, so he had to run to grab it while thinking about the shooting/killing that was about to follow.
Pick the Mac up, told brothers, "Back up," the Mac spit
Lead was hittin nikkaz one ran, I made him backflip
Heard a few chicks scream my arm shook, couldn't look
Gave another squeeze heard it click yo, my shyt is stuck
Try to cock it, it wouldn't shoot now I'm in danger
Finally pulled it back and saw three bullets caught up in the chamber
He was able to grab the mac-10, and started shooting back. Then his gun jammed up, he saw the cause was mutliple bullets jamming the chamber up. This whole section here is just referring to the whole shootout he's involved in, continuing off of the previous 2 sections above.
So now I'm jetting to the building lobby
and it was filled with children probably couldn't see as high as I be
At some point in the shootout he ran into a building, which was full of kids.
(So whatchu sayin?) It's like the game ain't the same
Got younger nikkaz pullin the triggers bringing fame to they name
and claim some corners, crews without guns are goners
In broad daylight, stickup kids, they run up on us
Fo'-fives and gauges, Macs in fact
Same nikkaz'll catch a back to back, snatchin yo' cracks in black
He seems to be speaking about his displeasure about the whole situation. Young kids shooting guns, just trying to gain some street credibility or whatever. If you don't have a gun then you're screwed because everyone else has one. Shootouts like this happen in broad daylight. These same shooters will steal your drugs in the process - and by saying "in black" seems to also infer that these shootouts/robberies happen at night too.
There was a snitch on the block gettin nikkaz knocked
So hold your stash until the coke price drop
I know this crackhead, who said she gotta smoke nice rock
And if it's good she'll bring ya customers in measuring pots, but yo
You gotta slide on a vacation
Inside information keeps large nikkaz erasin and they wives basin
It drops deep as it does in my breath
I never sleep, cause sleep is the cousin of death
Beyond the walls of intelligence, life is defined
I think of crime when I'm in a New York state of mind
Somewhat going in a different direction here, but still keeping to the same subject matter. He's saying there was a snitch in his neighborhood, so he had to stop selling and just hold onto the drugs.
Goes on to talk about crack cocaine's relation to prostitution.
Talks about how these snitches force him to take a leave of absence from drug dealing if you will.
These informants cause guys to get arrested/incarcerated while their girls end up addicted to crack.
It drops deep - seems to be saying how things go downhill in the drug game. He attributes this kind of falling out to a deep sigh of his breath - again hinting at his frustation about the whole situation of living in the projects / drug dealing / violence.
Beyond the walls of intelligence - this could probably be interpreted any number of ways. One way that I interpret it might be these young guys' lives are established outside of schools/work and instead out in the streets.
Goes on to re-iterate that the majority of the song is talking about crime/drugs in New York.