I'm not familiar with Lil B's extensive catalogue but being a religious rap blog reader, I feel like I have a solid idea of what the guy's about. He's experiencing the world and he has things to say but he can't articulate them because of his limited rap-writing talent. For example, if you're describing how badly impoverished people are in third world countries, your raps shouldn't be about 3rd world countries not having sidewalks. You were in country without sidewalks? OMG, how do they LIVE?
Anyway, he likes to get real high and the stuff he says he thinks is really smart. And I bet his yes men tell him that. If you listen to him closely, there are some flashes of brilliance but again, he's not smart enough and not talented enough, to say anything worthwhile. If you wanted to, you could take some of his lyrics and try and prove that it's something profound, but you'll be stretching it. Even so, if you asked him to elaborate, he'd fall short, like most rappers who say something interesting and are asked to elaborate on it but end up looking stupid, ie Lupe Fiasco.
As far as this album title, he feels like the spotlight he has and the following he has puts him in a position where what he says and does can have an impact. That's a good thing to understand as a rap artist. His album name is an example. It's supposedly controversial. But he's a suburban kid from the Bay, from what I know, so it's hardly a brave album title. And I bet he doesn't even have a cogent explanation for his decision.