I used to think this was a GOAT-level diss years ago but as I was listening to it the other day, the more I realize Canibus accomplished nothing outside of ethering himself numerous times...
"I studied your background, read the book that you wrote"
Translation: I'm a Stan.
"I know bytches that seen you smoke weed recently"
Translation: You hang out with bad bytches and get high.
I don't.
"You walk around showin' off your body 'cause it sells"
Translation: You're diesel, I'm not. You sell records, I don't.
"99% of your fans wear high heels"
Translation: Women love you. Not me.
"You might got more cash than me"
Translation: You got more cash than me
"You ain't got the skills to eat a nikka's ass like me"
Translation: 

"We can get it on live in front of the cameras on your own sitcom"
Translation: You are the star of a national sitcom. I'm not.
Can't believe I used to actually listen to this and think he was insulting LL by telling him how much women love him and how successful he is then bragging bout eating nikkaz ass.