Dead Wrong

Born again Notorious B.I.G.
This is also a multiple entendre: If someone has "the vapors," it means they have fainted, or passed "out." In this case, "out" means to have left the studio/building/stage. (Like him saying "I'm Swayze", meaning he has disappeared like a "Ghost.")
Oslo15
The Vapors were a new wave/power pop band from England 1979-1981. Since disbanding, they have come out of the closet (announced they are homosexual). Biggie is saying he is "out" in a different way from the Vapors (leaving somewhere, not homosexual).
jon
Kibitz is yiddish for giving meddlesome or unwanted advice. Biggie is saying he won't tolerate that kind of behavior.
jon
House of Pain's hit song "Jump Around" and Bobby Brown's hit song "Humpin around" describe Biggie's both rowdy and promiscuous lifestyle.
jon
A reference to the Puerto Rican boxer Hector "Macho" Camacho. Camacho fought in N.Y.C. while Biggie was growing up there. Biggie was obviously a fan.
jon
His number one interest is money. So he is more likely to take items of value from you, rather than committing some other kind of illegal act against you.
jon