he's saying he is not "sprung" or sexually aroused like a man usually would be by an attractive female, but instead he is so famous/attractive that he springs her, also making a reference to Jerry Springer (from Chicago)
Kanye is saying he is a king or the best and references one of rapper T.I.'s albums called King, then says since he's from Chicago he is more like Larry Hoover who was the king of Chicago as he the led the Gangster Disciple Nation gang.
Hip-hop executive Russell Simmons is a successful business man, so Jay is stating thats how hard he works/hustles. Russell is also known for doing yoga which involves stretching and stretch work is a drug term meaning to make a lot starting with a little.
Al Roker of the Today Show lost 100 pounds by way of gastric bypass surgery. Jay Z is making a comparison to the way al roker got rid of "pounds" to the way he himself got rid of pounds of drugs when he was a drug dealer.
Gale Sayers is a hall of fame running back who played for the Chicago Bears in the late 60's. Kanye ('Ye) is making a comparison to the way he "runs" Chicago (Chi) to the way Sayers ran on the football field in Chicago.