Lil Wayne is bringing a gun with him wherever he's going, just like the Nintendo Entertainment System came with a zapper gun to play the video game Duck Hunt.
This lyric was actually said by Lil Wayne who is featured on Young Buck's "Ups and Downs." Lil Wayne is referring to himself as "Obituary Wayne." saying he kills rappers. Young Buck and Lil Wayne are not beefing.
Leather guts is the interior of the car's apholstery is leather, and fish bowl refers to the windows having no tint, so you can see through the windows.
as the other explanation puts it so eloquently, yes, he is on a yacht. however, this lyric also implies wealth (not having bills to pay or job responsibilities to be home for) and comes from a song written in a time when mobile phones were a luxury item
Bugs Bunny probably eats a lot of carrots for lunch. But when I show my diamond grill (stylish mouthpiece), my front teeth have more carats (this is funny because carats are a unit of measure for diamonds and the word "carats" sounds just like "carrots")
while the previous explanation of incestual desires of royalty may have been well-intentioned, Salt and Pepa are most likely actually teasing us by referencing (and almost repeating) the chorus of Prince's controversial 1992 song "Sexy MF."