Hood Rich

Big Tymers
Still Fly
He is explaining that he wears Gucci (the video clearly showcases Gucci clothing during this lyric) clothing, which also matches the interior of his car.
Mr5Star
Oh Yeah!
Keep your female well supplied with diamond jewelry
Pyro
Still Fly
i have 20" diameter rims/wheels on my vehicle, and since i call myself Birdman i will express my pride by claiming to pop my feather - the human equivalent to a bird preening itself.
bill
Oh Yeah!
When police are attracted to an area it is considered "bringing heat" or getting hot. If there has been dramatic crime activity it will attract attention or heat, in this case on a particular block probably known for narcotics trade.
N.Evildoer
Oh Yeah!
The seats of my car are upholstered in pig skin and the rims of my wheels are 24 inches in diameter, well above the industry standard.
javajake
Still Fly
His truck has alligator skin seat upholstery
gurper707
Still Fly
A whip is a commonly used word for your car, if you have an "immaculate whip," you have a sick car. New shoes for your whip, means you got new tires, or new rims, or both.
timmer04
Still Fly
expensive aftermarket tires are needed for this vehicle, and they have to be the run-flat type of tires that when punctured allow you to continue driving. this implies not wanting to change your own tire or wait for a tow truck, or having to evade police.
bill
Still Fly
the steering wheel and dashboard of the vehicle have been customized with specialty designer materials of Italian brands Armani and Fendi
bill
Still Fly
I have had the interior of my vehicle customized with pig skin, an exotic leather. My vehicle looks very flashy and nice.
N.Evildoer