As MIMS would say:
Hold up,
Wait.
Look up in the sky,
It's a bird
It's a plane
No it's me
Cuz I'm fly, I'm fly I'm fly I'm fly
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When something mad or funny happens, a alternative to saying 'I'm dead', as to not go to hell and wish things upon yourself
Mate did you see imjustbait recent?
Ah man I'm flyinggggg
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The rapper way of saying that you are way cool
I'm so fly chicks wanna bang me when I drive by
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