Forever Thank Me Later Drake

been waitin' patiently for Pinocchio to poke his nose back into the game

Gucci Mane dissed Eminem, calling him Pinocchio, and now Eminem is saying that he is back.
In the classic children's story, Pinnochio is a young boy whose nose grows bigger when he tells lies to get through tough situations, which change how he looks at life. Eminem's recent struggles kept him out of rap until he recently re-entered the "game"
Eminem is referring to himself as Pinocchio because he is a white rapper and has a longer nose than most black rappers and that people have been waiting for him to get back into the rap industry like he used to be...